Company Accounts PYQ — Page 13

400 shares of ₹ 50 each issued at par were forfeited for non-payment of final call of ₹ 10 per share. These shares were reissued at ₹ 45 per share as fully paid-up. The amount transferred to capital reserve is:

XYZ Ltd. issues 10% debentures of Rs. 12,00,000 of Rs. 100 each at a discount of 10% which will be repayable after 6 years. What type of debenture it is ?

XYZ Ltd. issued another category of debenture which are perpetual in nature. What type of debentures they are called :

While issuing 10% debenture of Rs. 12,00,000 at 10% discount. What amount should be transferred to "Discount on issue of debenture A/c" if all amount is received in one instalment ?

Which of the following option regarding issue and redemption of debenture is not possible in general?

When a company reserve a portion of its uncalled capital to be called in the event of winding up, such uncalled capital is known as:-

When a company issues shares in open market and the amount is payable in instalments. What is the sequence of amount demanded by the company? A. Money received on calls B. Money due on calls C. Allotment money received D. Application money transferred to Share Capital A/c E. Allotment money due. Choose the correct answer from the options given below:

What will be the amount of premium on Redemption of Debentures.

Under which Sub head we show the Security Premium in Balance Sheet ?

The process of receiving minimum subscription of 90% of the entire issue must be completed within ______ days from date of issue of prospectus

The paid up share capital of "One Person Company" cannot be more than :

The balance, if any, left in the share forfeited account relating to reissued shares, should be transferred to _______

State the correct order of categories of Share Capital as shown in 'Notes to Accounts' of Balance Sheet of a company. (A) Subscribed and Fully paid up Capital (B) Issued Capital (C) Subscribed but not fully paid up Capital (D) Authorised Capital (E) Share forfeited Account Choose the correct answer from the options given below :

Select the amount that is received from Hari's reissued shares -

Select the amount received on Share Allotment Account -

Securities premium cannot be used:

Redemption of Debenture can be done by many ways. Identify the wrong option.

Record journal entry for forfeiture of Rahul's shares.

Read the following facts about shares and debentures. (A) Both shares and debentures can be issued by a company for raising long term funds. (B) Both shares and debentures can be issued for consideration other than cash. (C) Both shares and debentures can be issued at premium (D) Debentures can be converted into shares and shares can be converted into debentures (E) Dividend is paid on shares and debentures both Choose the correct answer from the options given below :

On 1st July/22, Centaur Ltd. issued Rs. 25,00,000 8% debentures of Rs. 100 each as collateral security to first Level Bank against loan dues of Rs. 20,00,000. How much amount will be shown in the Balance sheet?

Match List - I with List - II. | List - I | List - II | |---|---| | (A) Equity Share | (I) Fixed Dividend | | (B) Preference Share | (II) No hold over Assets | | (C) Secured Loan | (III) Hold over Assets | | (D) Unsecured Loan | (IV) Voting Right | Choose the correct answer from the options given below :

Match List - I with List - II. | List - I | List - II | |----------|-----------| | (A) Authorised Capital | (I) A portion of uncalled share capital will be called at the time of winding up | | (B) Reserve Capital | (II) Maximum amount of share capital a company could raise during its life time | | (C) Issued Capital | (III) Capital issued to public for subscription | | (D) Subscribed but not fully paid capital | (IV) Amount called up and received but not fully | Choose the correct answer from the options given below :

Match List - I with List - II. | List - I | List - II | |----------|-----------| | (A) Over Subscription | (I) Minimum amount that must be raised by issue of shares | | (B) Minimum subscription | (II) Application received is more than shares issued | | (C) Under Subscription | (III) Allotment of shares without issue of prospectus | | (D) Private Placement | (IV) Application received is less than shares issued | Choose the correct answer from the options given below :

Match List - I with List - II. | List - I | List - II | |----------|-----------| | (A) Application money should be at least ____% of the face value of the share | (I) 25% | | (B) The amount of Call should not exceed ____% of the face value of the share | (II) 90% | | (C) Minimum subscription of capital cannot be less than ____ of the issued amount according to SEBI guidelines | (III) 10% | | (D) Interest charged on call-in-arrears is @ ______ p.a. | (IV) 5% | Choose the correct answer from the options given below :