1. Following things show up in the Trial Balance of Small Ltd. as on 31st March, 20X1:

Points of interest Amount

4,700 Equity Shares of $100 each4,70,000

Protections Premium (gathered in real money) 48,787

Capital Redemption Reserve 78,789.98

General Reserve 1,09,879.50

Benefit and Loss Account (Cr. Equilibrium) 67,897

The organization chose to issue to value investors extra offers at the pace of 1

share for each 3 offers held. Organization concluded that there ought to be the base

decrease in free saves. Pass important Journal Entries in the books Small Ltd.

2. Offer allocation account is a -- .

A. individual record

B. Genuine record

C. Ostensible record

D. Indifferent record

3. Holders of inclination offers will reserve an option to cast a ballot if the profit stays falling behind financially for a period not lessthan

A. long term

B. 3 years

C. 6 years

D. none of these

4. The base offer Application cash is - .

A. 5% of the assumed worth of offers

B. 10% of the issue cost of offers

C. Re. 1 for every offer

D. 15% of the assumed worth of offers

5. Premium got on issue of offers is appeared on - .

A. resource side of the asset report

B. responsibility side of the asset report

C. credit side of the P&L a/c.

D. charge side of the P and L a/c

6. Premium on issue of offers can be utilized for - .

A. dissemination of profit

B. composing of capital misfortunes

C. moving to general hold

D. paying expenses to chiefs

7. Premium got on issue of offers can't be used for .

A. for the issue of extra offers

B. for composing of primer costs

C. for giving premium payable on reclamation

D. for dispersion of profit

8.Section - of organizations act 1956 arrangements with the plan of stock contribute

A. 69 to 70

B. 69 to 71

C. 69 to 72

D. 69 to 73

9. When offers gave at premium which of the accompanying record is credited?

A. Offer premium record

B. Offer first call account

C. Offer designation account

D. Offer relinquished record

10. Least number of individuals if there should arise an occurrence of public organization is - .

A. 4

B. 5

C. 6

D. 7