Introduction to Company Accounts- Test 1

The part of share capital which can be called up only on the winding up of a company is called————

The amount of capital that is mentioned in  capital clause is known as ————

“Proposed dividends” is shown in the balance sheet of a company under the head :

Equity – Rs.90,000, Liability -Rs.60,000, profit of the year -Rs.20,000.Find total assets:

A —— is an artificial person created by law with a perpetual succession and a common seal.

Equity shareholders have a right to ———–

Equity share holders are ———- of a company.

The Reserve which is created for a particular purpose and which is a charge against revenue is called?

Premium received on issue of shares are shown under the head ———- in Balance Sheet.

Reserve capital means ————

As per the companies Act only preference shares, which are redeemable within ———– can be issued.

Balance amount in the share forfeiture would be shown in the balance sheet under the head of ———-

As per the companies Act, a company cannot proceed to allot shares unless ———– is received.

Capital reserve is created out of ———-

“A” Limited provides you the following information

Equity Share Capital:Called up –  Rs.4,00,000, Calls in advance-Rs.25,000, Calls in arrears-Rs.40,000.

The amount of paid up capital to be shown in the Balance sheet of “A” Limited will be ?

Final accounts of a company are prepared according to ———–of companies Act, 2013

A public company can have a minimum of ————- members.

In a company’s balance sheet , unclaimed dividend should be shown under which of the following heads ———–

Which of the following is not the feature of a company?

Unless otherwise stated a preference share is always deemed to be ———-

Which of the following is false for “Small company” as per companies Act 2013?

Z Ltd. Whose financial statements comply with accounting standards, as prescribed under section 133 of companies Act, 2013, cannot apply the securities premium amount for the purpose of ——

Financial statements as per section 2(40) of the companies Act 2013, inter-allia not includes:

The maximum number of partner is mentioned in ———–

Government companies means any company in which not less than ———- of the paid up capital is held by government.

Which of the following is not a statutory company?

Minimum share capital of public company is ————

Securities premium account is shown in the balance sheet under ———

Registered companies are formed under

Which of the following is not an essential feature of a company ?