Class XII

In case of a public company, it must have at least _____ Directors.
  1. 5
  2. 7
  3. 2
  4. 3
Stages of Incorporation of company are a.Promotion b.Capital subscription c.Incorporation d.Commencement of business Arrange them in order
  1. a,c,d,b
  2. c,a,b,d
  3. d,a,c,b
  4. a,c,b,d
Which of the following represents the excess of issued price over the nominal value of shares?
  1. Premium on issue of share
  2. Share Capital
  3. Profit of the company
  4. Discount on issue of share
_______ is shown by way of deduction from subscribed capital while preparing notes to account.
  1. Share Forfeiture A/c
  2. Calls-in-advance
  3. Calls-in-arrears
  4. Dividend
Which type of capital will take place after the authorized capital?
  1. -------------------------------------------------------------------------------- Subscribed Capital
  2. Paid up Capital
  3. Issued Capital
  4. Called up Capital
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