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ORDER BY `video_id` desc Company Accounts 12th Standard
Accountancy A preference share is one Only (i) is correct Only (ii) is correct Both (i) and (ii) are correct Both (i) and (ii) are incorrect Which of the following statement is false? Issued capital can never be more than the authorised capital In case of under subscription, issued capital will be less than the subscribed capital Reserve capital can be called at the time of winding up Paid up capital is part of called up capital When shares are issued for purchase of assets, the amount should be credited to Vendor’s A/c Sundry assets A/c Share capital A/c Bank A/c The money raised by issuing shares is called Share capital Dividend Equity capital Share application Profits are distributed among the shareholders in the form of ___________ shares dividends both none of these Company is a voluntary association of persons which has separate ___________ legal entity voluntary association common seal limited liability The liability of the shareholders of the company is limited to the extent of face value of the shares held by the ___________ shareholders cardholders debenture holders none of these Equity shares do not enjoy any ___________ Equity rights Preference rights Dividend of rights Ordinary shares Equity shares are also known as authorised capital issued capital subscribed capital ordinary shares Authorised capital is also known as ____________ paid up capital called up capital nominal capital subscribed capital Answers Both (i) and (ii) are correct In case of under subscription, issued capital will be less than the subscribed capital Share capital A/c Share capital dividends legal entity shareholders Preference rights ordinary shares nominal capital
12th Accountancy - Company Accounts One Mark Question with Answer
Question Bank Software Aug-28 , 2019
Company Accounts One Mark Questions
Reg.No. :
(i) which carries preferential right with respect to payment of dividend at fixed rate
(ii) which carries preferential right with respect to repayment of capital on winding up
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