Exam 45: Underwriting and Creditor Questions in Company Affairs

P Ltd. issued shares of Rs.100 each at Rs.95.The Underwriting Commission will be paid on

Surplus Of Amount In Statement Of Affairs Should Be Distributed To

When Winding Up Takes Place, Shareholders Are Described As

When commission is due underwriter A/c is

Which of the following is not a preferential creditors

The deficiency shown by deficiency account will be equal to the deficiency revealed by

In order to spread risk of under subscription, The principal underwriters may appoint

Accrued holiday remuneration becoming payable to any workman is treated as

In which case, liability arises from both open and firm underwriting

The unerwriting may be done by many underwriters in an agreed ratio,is known as

Unmarked applications are known as

If broker find subscribers, he gets

If ABC Limited and DEF Limited are taken over by a new company AKSHAY Limited

An additional commission is paid by the company to the principal underwriters to encourage

When the entire issue is underwritten by only one persone, it is called

If the half of the issue of shares or debentures is underwritten it is known as

Insolvent Companies Can Be Liquidated

Interest on debentures and unsecured loan is payable upto the date of actual payment

If the Assets of A ltd having Book Value of Rs 10,00,000 are taken over at Rs 15,00,000 and Liabilities having a book value of Rs 5,00,000 are taken over at Rs 4,00,000 than Purchase Consideration payable would be

A company issued 2000 equity shares which were underwritten by A. The company received applications for 2400 shares. Hence A will get his commission on the issue price of