The difference between face value and called up capital is called
(a) Paid-up capital (b) Calls-in arrears (c) Calls-in-advance (d) Uncalled capital
2. Share Premium account is
(a) Capital Profit (b) Revenue Profit (c) nominal account (d) Uncalled capital
3. Issue of redeemable preference shares redeemable after years not allowed
(a) 20 years (b) 25 years (c) 30 years (d) 35 years
4. Dividend is payable out of
(a) Divisible profit (b) Securities premium (c) Provisions (d) Capital profit
5. Share Forfeited account is shown
(a) Under the head "Reserves and Surplus" (c) Under the head Current Liabilities
(b) Under the head Provisions (d) As addition to paid up share capital
6. Goodwill is
(a) Fictitious Asset (b) Tangible Asset (c) Intangible Asset (d) Nominal Asset
7. For calculating intrinsic value of shares, the following is considered:
(a) Future maintainable profit (c) Nominal profit
(b) Net realizable value of shares (d) Super profit
8. For ascertaining fair value of shares the following factors are considered
(a) Net asset value and Yield value (c) Sliding scale value and annuity value
(b) Net assets value and Capitalized value of super profit (d) None of these
9. The excess of purchase consideration over net assets taken over is
(a) Debited to goodwill account (c) Debited to profit and loss account
(b) Credited to capital reserve account (d) Credited to revaluation account 10. Pre-incorporation profit is credited to
(a) Capital Reserve (b) Revenue Reserve (c) General Reserve (d) Profit and loss account2. Share Premium account is
(a) Capital Profit (b) Revenue Profit (c) nominal account (d) Uncalled capital
3. Issue of redeemable preference shares redeemable after years not allowed
(a) 20 years (b) 25 years (c) 30 years (d) 35 years
4. Dividend is payable out of
(a) Divisible profit (b) Securities premium (c) Provisions (d) Capital profit
5. Share Forfeited account is shown
(a) Under the head "Reserves and Surplus" (c) Under the head Current Liabilities
(b) Under the head Provisions (d) As addition to paid up share capital
6. Goodwill is
(a) Fictitious Asset (b) Tangible Asset (c) Intangible Asset (d) Nominal Asset
7. For calculating intrinsic value of shares, the following is considered:
(a) Future maintainable profit (c) Nominal profit
(b) Net realizable value of shares (d) Super profit
8. For ascertaining fair value of shares the following factors are considered
(a) Net asset value and Yield value (c) Sliding scale value and annuity value
(b) Net assets value and Capitalized value of super profit (d) None of these
9. The excess of purchase consideration over net assets taken over is
(a) Debited to goodwill account (c) Debited to profit and loss account
(b) Credited to capital reserve account (d) Credited to revaluation account 10. Pre-incorporation profit is credited to
(a) Capital Reserve (b) Revenue Reserve (c) General Reserve (d) Profit and loss account
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sorry It's your 1 q or whole q paper
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Explanation:
the difference between face value and called up capital is called
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