Company Accounts

Share Capital

Easy

common

Match the LIST-I with LIST-II

LIST-I LIST-II
A. Equity Shares I. Company which is not a subsidiary of private company
B. Preference Shares II. Owner of company and enjoy voting rights
C. Public Company III. Restricts the right to transfer its shares
D. Private Company IV. Carry fixed dividend + Preferential rights

Choose the correct answer from the options given below:

LIST-I		LIST-II
A.	Equity Shares	I.	Company which is not a subsidiary of private company
B.	Preference Shares	II.	Owner of company and enjoy voting rights
C.	Public Company	III.	Restricts the right to transfer its shares
D.	Private Company	IV.	Carry fixed dividend + Preferential rights

A-II, B-IV, C-I, D-III

A-I, B-II, C-III, D-IV

A-I, B-II, C-IV, D-III

A-III, B-IV, C-I, D-II

✅ Correct Option: 1

Equity shareholders are the real owners and carry voting rights (II). Preference shares carry a fixed rate of dividend with preferential rights as to dividend and capital repayment (IV). A public company is one that is not a private company and is not a subsidiary of a private company (I). A private company restricts the right to transfer its shares (III).

2025: 30 May Shift 2

The following are the features of a Company:

(A) Separate Legal Entity

(B) Unlimited Liability

(D) Common Seal

Choose the correct answer from the options given below:

2026: 20 May Shift 1

"Members may come and go, but the company continues. Even an atom bomb can't end a company".

Which feature of a company is highlighted in the above statement?

2026: 19 May Shift 1

Anu Ltd. invited applications for 30,000 Shares of Rs. 100 each at a premium of Rs. 20 per share payable as follows: On Application Rs. 40 (including Rs.10 premium), On Allotment Rs. 30 (including Rs.10 premium), On First Call Rs. 30 On Second and Final Call Rs. 20

Applications were received for 40,000 shares and pro-rata allotment was made on the application for 35,000 share. Excess application money was utilised towards allotment. Raju to whom 600 shares were allotted failed to pay the allotment money and his shares were forfeited immediately after allotment.

Find the amount of allotment not paid by Raju?

2026: 13 May Shift 2

Which of the following indicate the correct meaning of Reserve Capital?

2026: 21 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Equity shareholders are	(I) Issued share capital
(B) The maximum amount of share capital which a company is authorised to issue	(II) Owners
(C) The profit on the reissue of forfeited shares is not transferred to	(III) Nominal share capital
(D) It is that part of the authorised capital which is issued by the company	(IV) Capital redemption reserve

Choose the correct answer from the options given below:

2026: 29 May Shift 1

Which of the following types of issue of shares is allowed to a company?

(A) Issue of shares of Face Value Rs. 10 at Rs. 11 by Initial Public Offer

(B) Issue of shares of Face Value Rs. 10 at Rs. 10 by Initial Public Offer

(D) Issue of shares of Face Value Rs. 10 at Rs. 9 to its employees

Choose the correct answer from the options given below:

Solution

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