In case of under subscription, refund or adjustment of application money is _____________
Refunded
Adjusted against allotment
Combination of both
No need of refund
The employer has the right to exercise the option of purchase of shares within __________.
Lock in period
Unlock in period
Vesting period
None of these
If preference shares are redeemable out of the sale proceeds of the property of the company they are called ___________ preference share.
Cumulative
Non-cumulative
Redeemable
Non- Redeemable
The balance of discount on issue of shares account will be transferred to the ___________________.
Asset side of the balance sheet
Liability side of the balance
Both Asset & Liability
When shares issued at par are forfeited the accounting treatment will be credited to
Share capital A/C
Premium A/C
Discount A/C
share forfeited A/C
Paid up capital of buy back of shares should be ___________.
50%
35%
100%
25%
Which one is the features of company?
Voluntary association
No separate legal entity
Unlimited liability
Natural person
Preference shares which do not carry on any provision for redemption of shares are known as ___________.
Non-redeemable
In which type of capital shares allotted a bonus shares?
Authorized capital
Issued capital
Unissued capital
Subscribed capital
The public company whose securities are not listed on any stock exchange for trading is known as _________.
Listed company
Unlisted company
Both A & B
None of the above
