Advertisements
Advertisements
Question
For which type of capital a company pays the prescribed fees at the time of registration?
Options
Subscribed Capital
Authorized Capita
Paid-up Capital
Issued Capital
Solution
Authorized Capital
APPEARS IN
RELATED QUESTIONS
Answer in one sentence only.
What do you mean by reserve capital?
Give one word/term/phrase for the following statement.
The shares having preferential right at the time of winding up of the company.
State true or false with reason.
Joint-stock company form of the business organisation came into existence after industrial revolution.
State whether you agree or disagree with following statement:
Paid-up capital can be more than Called up Capital.
State whether you agree or disagree with following statement:
Shares can be issued for consideration other than cash.
Company received excess application for 5000 shares @ ₹4 per share. Applications of 1000 shares were rejected and pro-rata allotment was made. Calculated the amount of application money adjusted with allotment.
Rakesh Ltd. issued 2,000 Equity Shares of 100 each at a premium oH 20 per share payable as follows:
| On Application | ₹ 20 |
| On Allotment | ₹ 50 (Including Premium) |
| On First Call | ₹ 20 |
| On Final Call | ₹ 30 |
Applications were received for 3,000 shares, 2000 shares allotted to the applicants for 2400 shares. The remaining applications for 600 shares being refused and application money there on was refunded. Excess money received on application was adjusted against allotment.
All amounts were duly received except Mr. Mondor to whom 80 shares were alloted. Mandar fails to pay First and Final Call. His shares were forfeited and were reissued to Mr. Ketan as fully paid at ₹ 80 per share.
Journalise the transactions in the books of the company.
Complete the following table:
Authorised capital = ______ = ______
Find the odd one:
