Company Accounts PYQ — Page 11

Ashoka Limited Company, which had issued equity shares of Rs.20 each at a premium of Rs. 4 per share, forfeited 1,000 shares for non-payment of final call of Rs.2 per share. 400 of the forfeited shares were reissued at Rs.14 per share out of the remaining shares of 200 shares reissued at Rs.20 per share. Balance of Share Forfeiture Account after reissue of shares will be:

As per Table F, the rate of interest provided on calls in advance can't exceed ...........p.a?

As a general rule, a company cannot ordinarily issue shares at ..................?

Arrnge the following in proper order: (A) Issued Capital (B) Subscribed and fully paid (C) Subscribed and not fully paid (D) Authorised capital Choose the correct answer from the options given below:

Arrange the journal entries with regard to first call of shares in the correct sequence: (A) For Adjustment of Excess Application Money (B) For Amount Due on Allotment (C) For Allotment money received. (D) For Amount Due on call. Choose the correct answer from the options given below:

Arrange the important steps in the correct sequence in the procedure of share issue: (A) Receipt of Applications (B) Allotment of Shares (C) Listing of Shares on the Stock Exchange (D) Issue of Prospectus Choose the correct answer from the options given below:

Arrange the following steps related to the issue of shares in proper sequence. (A) Allotment of Shares (B) Receipt of Applications (C) Issue of Prospectus (D) Share calls Choose the correct answer from the options given below:

Arrange the following steps in the procedure of share issues in the correct sequence: (A) Receipt of Applications (B) Allotment of Shares (C) Issue of Prospectus (D) Listing on the stock exchange Choose the correct answer from the options given below:

Arrange the following in the correct sequence: (A) Called-up capital (B) Subscribed capital (C) Issued capital (D) Paid-up capital Choose the correct answer from the options given below:

Arrange the following in order with respect to the issue of shares (A) Application received (B) Issue of prospectus (C) Forfeiture of shares (D) Allotment of Shares (E) Reissue of forfeited shares Choose the correct answer from the options given below:

Arrange the following in correct sequence : (A) Paid up Capital (B) Subscribed Capital (C) Issued Capital (D) Authorised Capital Choose the correct answer from the options given below:

Arrange the following in correct order for issue of shares- (A) Share forfeiture (B) Share Application (C) Share Allotment (D) Unpaid Call Choose the correct answer from the options given below: 1. (B), (A), (C), (D) 2. (B), (C), (D), (A) 3. (B), (A), (D), (C) 4. (C), (B), (D), (A)

Arrange the following events (in relation to the issue of shares) in a logical order. (A) Transfer to capital reserve. (B) Forfeiture of share. (C) Calls in arrears. (D) Re issue of share. Choose the correct answer from the options given below:

Arrange the following events in proper order. (A) Transfer to capital reserve. (B) Forfeiture of share. (C) Calls in arrears. (D) Re issue of share. Choose the correct answer from the options given below:

Arrange the following capitals in correct sequence as they appears in notes to account- (A) Subscribed and Not Fully paid-up (B) Subscribed and Fully paid-up (C) Issued Capital (D) Nominal Capital Choose the correct answer from the options given below:

Arrange steps for the issue of shares- (A) Allotment of shares (B) Issue of Prospectus (C) Share first call (D) Receipt of Applications Choose the correct answer from the options given below:

Arrange in correct sequence- (A) Share Allotment (B) Share Application (C) Share forfeiture (D) Share Call Choose the correct answer from the options given below:

Arrange following in correct sequence related to issue of shares (A) Letters of allotment, and letters of regret are sent (B) Prospective investors would make an application along with the application money (C) The company issues the prospectus to the public (D) Sebsequent installment are called Choose the correct answer from the options given below:

Arrange Categories of Share Capital into correct order- (A) Subscribed Capital (B) Authorised Capital (C) Issued Capital (D) Called up Capital Choose the correct answer from the options given below:

Amount to be credited to Calls-in Arrears account at the time of forfeiture is:

Amount recieved on allotment:

Amount of discount allowed on the reissue of forfeited shares cannot exceed the amount that has:-

Allotment money received in advanced alongwith application is _______________

After forfeiture of share, the amount transferred to capital reserve is