Question : Oversubscription is a situation where the

 

Option 1: number of shares applied for is equal to the number of shares issued.

 

Option 2: number of shares applied for is more than the number of shares issued.

Option 3: number of shares applied for is less than the mimber of shares issued.

Option 4: face value of the share is less than the issue priee of the share.

Question :  400 shares of 50 each issued at par were forfeited for non-payment of final call of 10 per share. These shares were reissued at 45 per share as fully paid-up. The amount transferred to capital reserve is:

Option 1: 15,000

Option 2: 14,000

Option 3: 16,000

Option 4: 13,000

Question : Arrange the following in the correct order:

(A) Subscribed Capital

(B) Issued Capital

(C) Authorised Capital

(D) Paid-up Capital

(E) Called-up Capital

Choose the correct answer from the options given below:

Option 1: (C), (B), (A), (D), (E)

Option 2: (B), (C), (A), (D), (E)

Option 3: (C), (B), (A), (E), (D)

Option 4: (B), (C), (A), (E), (D)

Question : Window dressing is a practice

Option 1: to manipulate the accounts to show a better picture of the financial position than the actual one.

Option 2: to show excesive depreciaton.

Option 3:  to avoid tax.

Option 4: to reduce tax.

Question : Dividend received is

Option 1: Operating activity

Option 2: Financing activity

Option 3:  Investing activity

Option 4: Cash and cash equivalents

Question : Arrange the following steps in the correct sequence of the life of a company :

(A) Commencement of Business

(B) Incorporation

(C) Promotion

(D) Floatation

Choose the correct answer from the options given below :

Option 1: (A), (B), (C), (D)

Option 2: (A), (C), (B), (D)

Option 3: (B), (A), (D), (C)

Option 4: (C), (B), (D), (A)