CUET UG Accountancy — Company Accounts previous year questions with solutions.
Select the amount received on Share Allotment Account -
Select the amount that is received from Hari's reissued shares -
Identify the account to which the discount allowed on reissue of forfeited shares should be debited.
The balance, if any, left in the share forfeited account relating to reissued shares, should be transferred to _______
Calculate the amount of Dividend paid during the year 2022 from the following information : Balance of Proposed Dividend as on 31st March, 2021 was Rs. 40,000 and on 31st March, 2022 Rs. 60,000. Interim Dividend was paid @20% on share capital. Share capital was Rs. 4,00,000.
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 :
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 :
Arrange the following steps in correct sequence with regard to Shares of a company. (A) Making Calls (B) Forfeiture of Shares (C) Issue of Prospectus (D) Calls in Arrears (E) Reissue of Shares Choose the correct answer from the options given below :
The paid up share capital of "One Person Company" cannot be more than :
Redemption of Debenture can be done by many ways. Identify the wrong option.
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 :
How much amount is to be debited in statement of profit and Loss to write off loss on Issue of Debentures ?
Debentures that will be redeemed only at the time of winding up of the company are known as :
Interest payable on the Debentures issued for the year ended Mar, 31st 2023 will be :
Arrange the following in the context of "Buy Back of Shares". A. Articles of Association must authorise Buy Back of share B. Buy Back should be completed within 12 months C. Maintaining debt equity ratio of not more than 2:1 after Buy Back D. Passing Special Resolution in annual general meeting E. Filing solvency declaration with registrar and SEBI Choose the correct answer from the options given below:
Securities premium cannot be used:
Which of the following option regarding issue and redemption of debenture is not possible in general?
Identify the amount by which bank account would be debited/credited on refund of rejected applications
Determine the amount to be transferred to Capital Reserve on reissue of Rahul's Shares
Identify the ratio in which shares are issued on Pro-rata basis.
Before forfeiture of Rahul's shares, who are required to issue notice in this regard.
A company has to redeem redeemable preference shares of the value of Rs. 1,00,000 at a premium of 10% for which the company has issued 5,000 equity shares of Rs. 10 each at a premium of 20%. The amount to be transferred to capital redemption reserve account would be:
When own debentures are cancelled, any profit on cancellation is transferred to:
Uncalled capital that can be called up only in event of winding up of the company is called :