Expenses incurred in the promotion and formation of company are known as ____________ expenses.
Sundry expenses
Preliminary expenses
Petty expenses
None of the above
Expenses regarding preparation and issue of prospectus is ____________ expenses.
Capital
Revenue
Operational
Preliminary
When preference shares participate like equity shares in profits of a company in addition to their fixed dividend, they are known as __________ preference shares.
Convertible preference share
Non convertible preference shares
Participating preference shares
Non participating preference shares
In case of partnership __________.
Account must be compulsorily audited.
The financial statements are published.
Auditing and publishing of A/C’s are not compulsory.
None of these
How much amount will be debited to share capital A/C. If the directors of a company forfeited 100 shares of Rs 10 each fully called up for non-payment of Rs 2 per share andd final calls of Rs 3 per share, 60 of these share were subsequently reissued at Rs 6 per share fully paid up.
Rs 600
Rs 1000
Rs 500
Rs 200
Calls paid by the shareholders before it is made due is known as ____________
Calls paid in advance
Calls in arrears
Both a & b
The forfeited amount is ____________ for the company.
Gain.
Loss.
Both gain and loss.
None of these.
Paid up capital shows at the _____________ side of the Balance sheet.
Asset
Liability
Both 1 & 2
In case of under subscription, investors mind set is ________ of the company,
Positive outlook
No strong positive out look
Good impression
When company opts for funding the project through public offer for first time is called__________
Right Issue
Initial Public Offer
Preferential Allotment
No further issue
