Issued Share Capital

Q.

It is that part of the authorised capital which is actually issued to the public for subscription. It is known as ___

1. Nominal share capital

2. Called up share capital

3. Susbcribed share capital

4. Issued share capital

Q.

It is that part of the subscribed capital which has been called up on the shares. It is known as ___

1. Nominal capital

2. Called up capital

3. Authorised capital

4. Susbcribed capital

Q.

That portion of the subscribed capital which has not yet been called up is known as ___

Q. A company issued 15, 000 equity shares of ₹10 each to the public at a premium of ₹2 per share payable on allotment.
Applications were received for 18, 000 shares, and the allotment was made on a pro rata basis. Rajan, an applicant, applied for 900 shares. Calculate the number of shares allotted to him.

[0.88 marks]

1. 900 shares
2. 1, 500 shares
3. 750 shares
4. 800 shares

Q. The share capital is the portion of the authorised capital that is issued to the public for subscription.

1. issued
2. nominal
3. called-up
4. subscribed

Q. X ltd. has the total authorised capital of Rs. 8, 00, 000. It issued 15, 000 shares to the public for Rs. 1.5 lakhs. The issued capital is .

1. Rs. 2, 50, 000
2. Rs. 1, 50, 000
3. Rs. 15, 000
4. Rs. 8, 00, 000

Q. The maximum number of shares that can be issued in a single issue combinely is called capital.

1. nominal
2. called-up
3. issued
4. subscribed

Q.

The maximum number of share that can be issued in a _____________ issue is the Issued Capital.

1. None of the above

2. Both A and B

3. single

4. multiple

Q. Sumo Ltd. purchased plant and machinery for ₹3, 60, 000 for which it is paying by issue of shares of ₹100 each at 20% premium. How many shares will be issued as consideration?

[0.88 marks]

1. 3, 600 shares
2. 3, 000 shares
3. 4, 500 shares
4. 6, 000 shares

Q.

DG Ltd Purchased assets of Rs 2, 50, 000 from VG Ltd . DG Ltd issued equity shares of Rs 50 each fully paid in consideration. Calculate the no of shares issued.

1. 2000

2. 5000

3. 4000

4. 3000

Q. ABC Company has shareholders' equity of ₹40, 00, 000 and total assets of ₹1, 00, 00, 000. There is no goodwill on its balance sheet, nor any intangible assets. Its proprietary ratio is:

[2 marks]

1. 60%
2. 50%
3. 70%
4. 40%

Q.

Issue Price of shares issued at premium arrives by adding ___________ and ___________.

1. Market value and securities premium

2. Issue Price and Securities Premium

3. Market Value and Issue Price

4. None of these

Q.

The ___________ number of shares that can be issued in a single issue is the issued capital.

1. None of the above

2. maximum

3. minimum

4. Both A and B

Q.

The maximum number of share that can be issued in a single issue combinely is called __________________.

1. Called up capital

2. Subscribed Capital

3. Issued Capital

4. Nominal Capital

Q.

what is the difference between share and debenture

Q. The maximum amount which a company is allowed to raise funds, by issue of shares, is known as _____________.

1. Issued capital
2. Paid-up capital
3. Nominal capital
4. Subscribed capital

Q.

It is that part of the authorised capital which is actually issued to the public for subscription. It is known as ___

1. Called up share capital

2. Susbcribed share capital

3. Issued share capital

4. Nominal share capital

Q. Give one word / Term / phrase for each of the following statement :

The capital on which dividend is paid.

Q. Picus - Limited purchases a machine worth Rs.1, 15, 000 from Indigo Traders. Payment was made as Rs. 10, 000 by cheque and the remaining by issue of 10, 000 equity shares of the face value of Rs. 10 each fully paid-up at an issue price of Rs.10.50 each. Amount of share premium would be:

1. Rs. 6, 000
2. Rs. 7, 000
3. Rs. 5, 000
4. Rs. 4, 000

Q. A promissory note can be made payable to bearer.

1. True
2. False

Q. 6. Vihaan Ltd. issued 25, 000 equity shares of Rs. 100 each. The amount was payable as follows:
1. On application - Rs. 30 per share
2. On allotment - Rs. 20 per share
3. On first and final call - The balance
Applications for 22, 500 shares were received and shares were allotted to all the applicants. Priya to whom 250 shares were allotted, paid her entire share money at the time of allotment, whereas Anuraag did not pay the first and final call on his 150 shares. Calculate the amount received at the time of making first and final call.

Q. Give one word / Term / phrase for each of the following statement :

Issue of share above face value.

Q. Partly paid up capital is____________.

1. Authorized capital
2. Subscribed capital
3. Paid up capital
4. Issued capital