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Quiz by Nithya Kalyani

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6 questions
Show answers
  • Q1
    Issues shares at a price more than the face value, the shares are said to be issued at
    Premium
    Discount
    Par
    Face value
    30s
  • Q2
    Subscription below the offered shares
    Half Subscription
    over Subscription
    Full Subscription
    Under Subscription
    30s
  • Q3
    Subscription above the offered shares
    Full Subscription
    Over Subscription
    under Subscription
    30s
  • Q4
    Share application money is transferred to share capital account. Mention the account that will be credited in this journal entry.
    Share application a/c
    Bank a/c
    Share allotment a/c
    Share capital a/c
    30s
  • Q5
    Period of _______ month must elapse between two calls.
    2
    1
    3
    4
    30s
  • Q6
    The amount of one call should not be _______________ of the face value of the shares.
    more than 25%
    Less than 5%
    Less than 25%
    Less than 5%
    30s

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