Company Accounts Quiz

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Fun practice on company finances

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Mahfooz Khan

India

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Company Accounts Quiz


Company Accounts QuizVersión en línea Fun practice on company finances por Mahfooz Khan 1 What is authorised capital in a company? a The number of directors authorized to issue shares b The paid-up capital already issued c The actual funds received from shareholders d The maximum amount of share capital the company is authorised to issue 2 Which term refers to the capital that has been actually issued to shareholders? a Paid-up capital b Issued capital c Subscribed capital d Authorised capital 3 Paid-up capital means the amount that shareholders have: a Actually paid to the company for shares b Promised to pay later c Amount kept as reserve d Authorized to issue but not paid 4 What is subscribed capital? a The portion of issued capital that investors have subscribed to b The capital kept in reserve c The capital to be raised in future issues d The capital paid by promoters 5 Which capital category is used to show funds available for future calls? a Paid-up capital b Subscribed capital c Calls-in-arrears d Authorised capital 6 What is 'application' in share issue terms? a The receipt of money after allotment b The process of allotment of shares c An offer to apply for shares d A grant of shares by the board 7 What happens at allotment? a Shares are redeemed b Shares are allocated to applicants c Provisions are created for bad debts d Capital is reduced 8 Which term describes the demand for shares before allotment is made? a Authorised capital b Application money c Paid-up capital d Subscribed capital 9 What is a 'call' in share terms? a A vote on a share purchase b An offer to buy back shares c A penalty for late payment d Yes, a request to pay remaining share money 10 Which capital is the maximum limit set by the company’s charter? a Paid-up capital b Issued capital c Authorised capital d Subscribed capital 11 If issued capital is Rs 1,00,000 and subscribers hold it all, what is the paid-up? a Rs 50,000 b Rs 1,00,000 or more if paid c Rs 0 d Rs 75,000 12 Which capital is yet to be called by the company? a Calls in arrears b Paid-up capital c Issued capital d Authorised capital 13 Which capital category reflects funds that are actually received from shareholders? a Paid-up capital b Authorised capital c Issued capital d Subscribed capital 14 Which term covers the amount of capital that remains to be paid by subscribers? a Called-up capital b Subscribed capital c Paid-up capital d Uncalled capital 15 Which of the following is NOT a share issue stage? a Allotment b Winding up c Calls d Application Feedback 1 Authorised capital is the ceiling on share capital as per the charter. 2 Issued capital is the portion of authorised capital that has been issued to shareholders. 3 Paid-up is the cash actually received from shareholders for shares. 4 Subscribed capital is the part of issued capital that investors have agreed to buy. 5 Calls-in-arrears are amounts not yet paid by shareholders on calls. 6 Application is the initial offer from investor to buy shares. 7 Allotment assigns the issued shares to applicants who applied. 8 Application money is the payment received when applying for shares. 9 A call is when the company asks for remaining money on shares. 10 Authorised capital is the ceiling approved in the charter. 11 Paid-up cannot exceed issued capital; it equals amounts actually paid. 12 Calls in arrears are the unpaid portions due after calls. 13 Paid-up capital represents money received for shares. 14 Uncalled capital is the portion not yet called from shareholders. 15 Winding up is not a share issue stage; it's a dissolution process.

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Company Accounts QuizVersión en línea

por Mahfooz Khan

What is authorised capital in a company?

Which term refers to the capital that has been actually issued to shareholders?

Paid-up capital means the amount that shareholders have:

What is subscribed capital?

Which capital category is used to show funds available for future calls?

What is 'application' in share issue terms?

What happens at allotment?

Which term describes the demand for shares before allotment is made?

What is a 'call' in share terms?

Which capital is the maximum limit set by the company’s charter?

If issued capital is Rs 1,00,000 and subscribers hold it all, what is the paid-up?

Which capital is yet to be called by the company?

Which capital category reflects funds that are actually received from shareholders?

Which term covers the amount of capital that remains to be paid by subscribers?

Which of the following is NOT a share issue stage?

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