Interest charged according to 'Table A' on calls-in-arrears and calls-in-advance are
6% & 5%
5%& 5%
5%& 6%
6%& 6%
A company can reserve part of its uncalled capital to be called up only at the time of winding up is called
Nominal capital
Registered capital
Called up capital
Reserve capital
The management of the company is in the hands of the
Executives
Partners
Managers
Board of directors
When an applicant sends more money than what is called by the company, the excess money is called
Calls in advance
Calls for shares
Calls in arrears
Application call
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 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
Due to poor response, all the shares offered may not be taken by the public is
Under subscription
Over subscription
Minimum Subscription
Maximum subscription
Tthe term securities premium has been used instead of 'Share Premium' in accordance with the provision of the
Companies (Amendment)Act ,1952
Companies (Amendment)Act , 1992
Companies (Amendment)Act ,1999
Companies (Amendment)Act ,1936
Maximum amount of capital which a company is authorised to raise is called
Issued capital
Unissued capital
Share capital
In which section defines a company in companies Act, 1956?
Sec.3 (1) (i)
Sec.25
Sec. 432
Sec.3 (2)
