Q. company can issue bonus share out of source of
✅ Correct Answer: (C)
Capital Reserve
Financial Accounts MCQs and Notes
Q. Under Section 80, Preference Shares are redeemed out of amount received from
✅ Correct Answer: (D)
All of the Above
Q. Redeemable Preference Shares can not redeemed at
✅ Correct Answer: (C)
Discount
Q. Minimum time period for two bonus issue must be
✅ Correct Answer: (D)
none of tese
Q. The premium paid on redeemption of Preference Shares is provided from
✅ Correct Answer: (A)
Security Premium Account
Q. when company issues bonus share then its share price immediately
✅ Correct Answer: (B)
decrease
Q. When shares are to be redeemed out of profits, a sum equal to nominal amount of shares redeemed is to be transferred to
✅ Correct Answer: (B)
Capital Redeemption Reserve
Q. A company can issue bonus share out of the following
✅ Correct Answer: (D)
all of these
Q. The maximum rate of interest received by a company on Calls-in-arrears as per Table 'A' is
✅ Correct Answer: (D)
0.05
Q. The maximum rate of interest paid by a company on Calls- in-advance as per Table 'A' is
✅ Correct Answer: (B)
0.06