48.

50.

51,

52,

53.

54.

56.

The maximum capital that can be raised by a company is called :
(A) Paid up capital (B) Called up capital
(©) Reserve capital (D) Nominal capital

“Anil” become a shareholder of Glaxo. Ltd. when :
(ಹ) Anil submit share application form with Glaxo, Ltd
(B) Anil pays share application money to the issuing bank of Glaxo. Ltd
(C) Anil receives “letter 01 allotment” from Glaxo. Ltd
(D) शा receives “letter of regret” from Glaxo, Ltd

Issue of shares to existing share holders at a concessional rate is called :

(A) Right issue (8) Private placement
(C) Public issue (D) 85808

On dissolution 08 partnership ————— are pair first.
(ക Debts to insiders
(B) Debts of third parties
(0) Debts of partners having huge capital
(D) Debts of partners having small capital

The term “imprest money” is related to :
(ಯಿ) Journal (B) Bills of exchange
(0 Petty cash book (D) Double column cash book

Statement (1) : Debenture holders have voting right

Statement (2} : Debenture holders will get interest

Statement (3) : Debenture holders can take part in the management of the company
(മ Statement (1) and (2) are സട (B) Statement (1) and (2) are not true
(€) Statement (1), (2) and (8) are true (D) Statement (2) and (8) are true

A bill of exchange is accepted by :

(ಹ) Debtor (B) Creditor
(C) Banker (D) Seller
“Credit purchase of machinery” is recorded in purchase day book is an error of :
(A) Commission (B) Principle
(C) Omission (D) Compensating
9 29/2018

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