Finance Quiz

1. A Company may issue ________
Equity and Preference both shares
Preference Shares
Equity Shares
2. Over the counter Exchange of India (OTCEI) was established in the year:
1990
1988
1979
3. 33333333333
33333
33333
33333
4. 444444444444444
44444
44444
44444
5. 555555555555555555555555
55555
55555
55555
6. 6666666666666666666666
66666
66666
66666
7. 777777777777777777777777777
77777
77777
77777
8. Which shareholders are returned their capital after some specified time :
Redeemable Preference Shares
Irredeemable Preference Shares
Cumulative Preference Shares
9. 99999999999999999
99999
99999
99999
10. In the Balance Sheet of a company, under the heading share capital, at the last is shown :
Subscribed Share Capital
Issued Share Capital
Authorised Share Capital
11. If the Premium on the forfeited shares has already been received, then Securities Premium A/c should be :
No treatment
Debited
Credited
12. Balance of share forfeiture account is shown in the balance sheet under the head _________
Share Capital Account
Reserve and Surplus
Current Liabilities and Provisions
13. The shares on which there is no any pre-fixed rate of dividend is decided, but the rate of dividend is fluctuating every year according to the availability of profits, such share are called :
Equity Share
Non-cumulative preference share
Non-convertible preference share
14. The balance of the forfeited shares account after re-issue of forfeited shares is transferred to ________
Capital Reserve A/c
Share Capital A/c
Statement of Profit & Loss
15. Discount allowed on re-issue of forfeited shares is debited to _________
Share forfeiture A/c
Share Capital A/c
Statement of Profit & Loss