Interest @ _________ is charged on calls in arrears according to Table 'A' of the companies Act.
6%
9%
5%
12%
Which shares is the voluntary return of shares to the company for cancellation?
Forfeiture of shares.
Surrender of shares.
Retained of shares.
None of these.
Share allotment A/c is ________
Personal A/c
Impresonal A/c
Real A/c
Nominal A/c
Duty payable on authorized capital is _____________ expenses.
Capital
Revenue
Preliminary
Other operational expenses
Identify the private companies?
Right to transfer its shares
No limits the number of its members
Prohibits any invitation to the public to subscribe for any shares.
None of the above
Transferability of interest is not allowed in case of ____________.
Partnership
Joint stock company
Both A & B
None of these
Which one is the features of company?
Artificial person
Unlimited liability
Registration is not compulsory
Imperpetual succession
Securities Premium Account can be used for
Paying dividend on shares
Writing off the expenses on any issue of shares or debentures
Paying tax liability
Meeting the loss on the sale of an old asset
If a company is formed with a capital of RS .1,00,000, consisting of 10,000 shares of Rs 10 each and issue 8000 shares. Find out the issued capital?
Rs.1,00,000
Rs.10,000
Rs.8000
Rs.80,000
The forfeited amount is ____________ for the company.
Gain.
Loss.
Both gain and loss.
