1 out of 10
Capital reserve is the reserve which is not readily available for distribution of dividend. It is mandatory to create capital reserve in case of
2 out of 10
Shares offered to a specific group of people or to an organisation is called
3 out of 10
ABC Ltd received application money on its issued share capital, which account is debited while recording this transaction?
4 out of 10
Shares issued for consideration other than cash are paid through
5 out of 10
A company issues shares for consideration other than cash at par. Which account will be debited while recording the issue of shares?
6 out of 10
What is the maximum interest rate charged on call-in-arrears amount as per Company Act, 2013?
7 out of 10
What interest rate is applicable on calls-in-advance amount as per Company Act, 2013?
8 out of 10
A company may receive calls-in-advance, if it is permitted by its
9 out of 10
On forfeiture, share capital is
10 out of 10
When forfeited shares are re-issued at premium, then premium account, is