Adaptive Practice
Issue of Shares
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Question 1 of 10
⏱ 0:30
Easy
What is the face value of a share?
Medium
When shares are issued at a premium, which account is credited with the premium amount?
Easy
A company issued 10,000 shares of ₹10 each at a premium of ₹2 per share. What is the total amount received?
Medium
Which of the following is NOT a valid mode of share issue?
Medium
If shares are issued at a discount, which account is debited with the discount amount?
Medium
A company issued 5,000 shares of ₹10 each at ₹8 per share. What is the total discount on issue?
Easy
What is a 'Right Issue' of shares?
Hard
Which account is credited when shares are forfeited due to non-payment of calls?
Medium
A company issued 20,000 shares of ₹10 each at par. 25% was payable on application, 25% on allotment and the balance on first and final call. What is the amount to be received on application?
Hard
Shares of ₹10 each were issued at a premium of ₹3. The company received ₹8 per share on application and the balance on allotment. What amount is credited to Securities Premium Account?