1. Which of the following receives fixed rate of dividend?

a. Debentures b. Equity shares c. Preference Shares d. All of them

2. The following entry is passed in the books of accounts on the allotment of shares:

a. Bank a/c Dr.

To Share application a/c

b.Share application a/c Dr.

To Share Capital a/c

c. Share application a/c Dr.

To Bank a/c

d. Bank a/c Dr.

To Call-in-advance a/c

3. A company has forfeited shares. The same company wants to reissue these forfeited shares. The company can issue these shares at:

a. Par b. Premium c. Discount d. Any of the above

4. ABC Ltd. buyback its shares from securities premium account, the same amount shall be transferred to:

a. Profit and Loss account b. Debenture redemption reserve account c. Capital redemption reserve account d. Contingent liability

5. Following is the information related to XYZ Ltd. Calls in arrear Rs. 40,000; Equity share capital called up Rs.5,00,000; Calls in advance Rs. 25,000 ; Proposed dividend 12%. What is the amount of dividend payable:

a. 43500 b. 46000 c. 50000 d. 55200