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CMA Inter Paper 10 Practice Questions - CMA Intermediate Paper 10 Corporate Accounting and Auditing (CAA) Exam

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About this Exam

Prepare with the CMA Inter Paper 10 Practice Questions - CMA Intermediate Paper 10 Corporate Accounting and Auditing (CAA) Exam practice quiz. This question bank includes 100 questions covering company, shares, section, companies, and share. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

Sample Questions

Question 1
Under the Companies Act, 2013, a company issues equity shares of face value Rs. 10 at a premium of Rs. 4. Where must the Rs. 4 per share premium be credited?
Securities Premium Account
Capital Reserve
General Reserve
Profit and Loss Account
Question 2
As per Section 52(2) of the Companies Act, 2013, the Securities Premium Account can be applied for which of the following purposes?
Writing off the premium payable on redemption of debentures
Payment of dividend to equity shareholders
Meeting the company's day-to-day working capital needs
Distributing as a cash bonus to employees
Question 3
A shareholder holding 200 shares of Rs. 10 each (Rs. 8 called up) failed to pay the final call of Rs. 2. The shares were forfeited. What amount is credited to the Forfeited Shares (Share Forfeiture) Account on forfeiture?
Rs. 2,000
Rs. 400
Rs. 1,600
Rs. 1,200
Question 4
200 shares of Rs. 10 each, on which Rs. 8 had been received, were forfeited and later reissued as fully paid at Rs. 9 per share. What amount is transferred to Capital Reserve?
Rs. 1,800
Rs. 1,600
Rs. 1,400
Rs. 200
Question 5
Under Section 63 of the Companies Act, 2013, fully paid bonus shares may NOT be issued out of which source?
Free reserves
Securities Premium Account
Capital Redemption Reserve
Revaluation Reserve

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Additional Information

CMA Inter Paper 10 Practice Questions - CMA Intermediate Paper 10 Corporate Accounting and Auditing (CAA) Exam

This practice set contains 100 questions from the matching question bank and focuses on company, shares, section, companies, and share. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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Frequently Asked Questions

This quiz contains a total of 100 practice questions carefully selected to test your knowledge on this subject.
Yes, you will have exactly 0 minutes to complete the exam. A countdown timer will be visible once you start.
Yes, you can retake this practice test as many times as you need. The questions and options may be randomized on subsequent attempts to ensure comprehensive learning.

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