Match List - I with List - II. | List - I | List - II | |----------|-----------| | (A) Application money should be at least ____% of the face value of the share | (I) 25% | | (B) The amount of Call should not exceed ____% of the face value of the share | (II) 90% | | (C) Minimum subscription of capital cannot be less than ____ of the issued amount according to SEBI guidelines | (III) 10% | | (D) Interest charged on call-in-arrears is @ ______ p.a. | (IV) 5% | Choose the correct answer from the options given below :

Question

Option 1: (A)-(IV), (B)-(I), (C)-(II), (D)-(III)

Option 2: (A)-(II), (B)-(III), (C)-(IV), (D)-(I)

Option 3: (A)-(IV), (B)-(II), (C)-(I), (D)-(III)

Option 4: (A)-(III), (B)-(I), (C)-(IV), (D)-(II)

AfterBoards · Accepted Answer

The answer is '(A)-(IV), (B)-(I), (C)-(II), (D)-(III)'. View full solution:

List-I	List-II
(A) Authorised Capital	(I) Capital which is actually issued to the public for subscription including the shares allotted to vendors and the signatories to the company's memorandum.
(B) Issued Capital	(II) It is that part of the subscribed capital which has been called up on the shares, i.e., what the company has asked the shareholders to pay.
(C) Subscribed Capital	(III) The amount of share capital which a company is authorised to issue by its Memorandum of Association.
(D) Called up Capital	(IV) It is that part of the issued capital which has been actually subscribed by the public.

CUET Accountancy 2023 28 May Shift 1 PYQs

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