When the applications received are more than that has been issued to the public is called
Under subscription
Over subscription
Minimum Subscription
Maximum subscription
The part of authorized capital not offered for subscription to the public is known as
Issued capital
Paid up capital
Unissued capital
Calls in arrears
Identify the Accounts entry for forfeiture of shares issued at Par ?
Share capital a/c Dr
To Forfeited share a/c
To share Allotment a/c
To share (first/second/third) call a/c
Forfeited share a/c Dr
Share Allotment a/c Dr
To Share capital a/c
Both a and b
The shares which cannot be refunded before winding up is
Re deemable Preference shares
Irredeemable Preference shares
Cumulative Preference shares
Convertable Preference shares
Maximum amount of capital which a company is authorised to raise is called
Share capital
Registered capital
Full form of SEBI ?
State Exchange Board of India
Securities Exchange Board of India
Share Exchange Bill of India
State Exchange Bill of Institution
A particular amount of money used in the business for the purpose of earning revenue is
Profit
Goodwill
Capital
Debentures
Every public issue must be accompanied by an
Issue of prospectus
Issue of shares
Memorandum of association
Issue of debentures
Due to poor response, all the shares offered may not be taken by the public is
The balance in the forfeited share account is a capital profit and will ne transferred to
Forfeited shares account
Shareholders account
Securities premium account
Capital reserve account
