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Published on: 06/11/2020
12th Standard Accounts Company Accounts English Medium Free Online Test One Mark Questions 2020 - 2021
Download Tamil Nadu 12th Standard Accountancy question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Accountancy Test

1.
The excess amount paid over the called up value of a share is known as _____________
Calls in arrear
Calls in advance
Capital Reserve
None of these
2.
Which of the following statement is true:
Authorized capital = Issued capital
Authorized capital> Issued capital
Paid up capital>Issued capital
None of these
3.
If the company-A purchases the majority shares of company-B, what combination would this be referred to?
Amalgamation
Takeover
Absorption
None of these
4.
The minimum share Application money is _______________
5% of the face value of shares
10% of the issue price of shares
Rs.1 per share
15% of the face value of shares
5.
The portion of the authorized capital which can be called-up only on the liquidation of the company is called
Authorized capital
Reserve capital
Issued capital
Called up capital
6.
Normally companies can issue shares at _____ % of discount.
5
10
20
25%
7.
A public issue cannot be kept open for more _____ days.
5
10
20
25
8.
If a share of Rs.10 on which Rs.8 has been paid up is forfeited. Minimum reissue price is
Rs.10 per share
Rs.8 per share
Rs.5 per share
Rs.2 per share
9.
10.
A preference share is one
(i) which carries preferential right with respect to payment of dividend at fixed rate
(ii) which carries preferential right with respect to repayment of capital on winding up
Only (i) is correct
Only (ii) is correct
Both (i) and (ii) are correct
Both (i) and (ii) are incorrect
1.
(b)
Calls in advance
2.
(b)
Authorized capital> Issued capital
3.
(b)
Takeover
4.
(a)
5% of the face value of shares
5.
(b)
Reserve capital
6.
(b)
10
7.
(b)
10
8.
(d)
Rs.2 per share
9.
(c)
10.
(c)
Both (i) and (ii) are correct
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Tamilnadu Stateboard 12th Standard Subjects

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Chemistry

Physics

Biology

Computer Science

Business Maths and Statistics

Economics

Commerce

Accountancy

History

Computer Applications

Biology

Computer Technology

Computer Applications

Computer Science

Business Maths and Statistics

Commerce

Economics

Maths

Chemistry

Physics

Computer Technology

History

Accountancy

Tamil

English

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