Multiple choice-ASCGPHMCQ
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Question 1 of 14
1. Question
The minimum number of members of a public company must be-
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Question 2 of 14
2. Question
The government (central and state) holding in the paid up capital of a government company must be atleast-
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Question 3 of 14
3. Question
The most important document of a company is-
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Question 4 of 14
4. Question
The maximum number of members of a private company is –
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Question 5 of 14
5. Question
The paid up share capital of a small company must not exceed –
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Question 6 of 14
6. Question
If a share of 100 on which 80 has been called and 60 is paid, is forfeited, the share capital account will be debited with –
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Question 7 of 14
7. Question
A company forfeited 2,000 shares of 10 each issued at par. These shares were held by A who did not pay allotment money @4 per share. The called up value per share was 9 per share on forfeiture. The amount debited to share Capital Account will be –
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Question 8 of 14
8. Question
Jogendra Ltd. reissued 2,000 shares which were forfeited by crediting forfeiture account with 3,000. These shares were re-issued at 9 per share. The amount transferred to Capital Reserve Account will be –
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Question 9 of 14
9. Question
A company inivited applications for subscription of 5,000 shares. The application were received for 6,000 shares. Allotment was made on pro-rata basis. Shyam applied for 180 shares. The number of shares allotted to him will be –
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Question 10 of 14
10. Question
A shareholder was allotted 100 shares of 10 at par by a company. He paid appication money @3 per share and allotment money @3 per share but failed to pay first and final call money @4 per share. His shares were forfeited by the company.
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Question 11 of 14
11. Question
A company allotted 20,000 preference shares of 100 each at 5% premium and 2,00,000 equity share of 10 each at 10% premium. The amount of securities premium Reserve will be credited –
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Question 12 of 14
12. Question
Z & Co. forfeited 100 shares of 10 each for non payment of final call of 2 per share by the holder. All these forfeited shares were re-issued @9 per share. The amount to be transferred to Capital Reserve Account will be –
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Question 13 of 14
13. Question
If a share of 10 on which 8 has been paid up is forfeited, it can be re issued at theminimum price of –
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Question 14 of 14
14. Question
If a share of 10 issued at a premium of 2 on which the full amount has been called up and 7 (including premium) paid, is forfeited, the share capital account will be debited
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