Top 1000+ Solved Financial Accounting MCQ Questions Answer
Q. . …………..shares are repayable after the expiry of the fixed period or at the option of thecompany.
a. Participating
b. Convertible
c. Cumulative
d. Redeemable
Q. A bundle of fully paid shares is called……………..
a. Stock
b. Sweat Equity
c. Warrant
d. None of these
Q. IPO stands for ………………
a. Initial Private Offer
b. International Public Offer
c. Initial Public Offer
d. International Private Offer
Q. In …... the company offers the investors an opportunity to bid collectively.
a. Private Placement
b. Offer for sale
c. Book building
d. IPO
Q. Share application account is a ………..
a. Real Account
b. Nominal Account
c. Impersonal Account.
d. Personal Account
Q. A newly established company cannot issue shares at ……
a. Par
b. Premium
c. Discount
d. All of these
Q. . ………..of total issued amount of capital is called minimum subscription.
a. 75%
b. 90%
c. 95%
d. 80%
Q. The rate of discount should not exceed ……………. Of nominal vale of shares.
a. 10%
b. 5%
c. 6%
d. 7%
Q. The minimum application money to be paid by an applicant must not be less than ……as per Companies Act.
a. 10%
b. 5%
c. 15%
d. 20%
Q. The excess price received on the par value of shares should be credited to ………….
a. Calls in advance A/c
b. Reserve Capital A/c
c. Security Premium A/c
d. None of these
Q. The profit on reissue of forfeited shares is transferred to ………
a. General reserve
b. Capital Redemption reserve
c. Capital reserve
d. Investment Allowance reserve