Company Accounts PYQ — Page 14

Interest payable on the Debentures issued for the year ended Mar, 31st 2023 will be :

If 5% debenture of Rs. 8,00,000 of Rs. 100 were issued at 15% premium. Amount is payable as Rs. 25 on applications, Rs. 50 on allotment and Rs. 40 on 1st and final call. How much amount should be credited to "Security Premium Reserve A/c".

Identify those debentures on which no interest will be paid/provided.

Identify the ratio in which shares are issued on Pro-rata basis.

Identify the number of shares with which A ltd is registered.

Identify the amount by which bank account would be debited/credited on refund of rejected applications

Identify the account to which the discount allowed on reissue of forfeited shares should be debited.

How much amount is to be debited in statement of profit and Loss to write off loss on Issue of Debentures ?

Find the correct sequence of procedure of issue of shares : (A) Receipt of Applications (B) Issue of prospectus (C) Allotment of Shares (D) Making call money due (E) Receiving Call money Choose the correct answer from the options given below :

Determine the number of Debentures to be issued.

Determine the amount to be transferred to Capital Reserve on reissue of Rahul's Shares

Debentures that will be redeemed only at the time of winding up of the company are known as :

Debentures issued for consideration other than cash includes, debentures : (A) Issued to bank as additional security (B) Issued to vendor (C) Issued to Public (D) Issued to creditor (E) Issued for cash Choose the correct answer from the options given below :

Company raised a loan of Rs. 5,00,000 from PNB against 5% debenture of Rs. 8,00,000 of Rs. 100 each as a collateral security. The "Debenture suspense A/c" will be debited with :

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.

Before forfeiture of Rahul's shares, who are required to issue notice in this regard.

Balance of Share Forfeiture account is shown in the Balance Sheet under the item:-

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 :

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:

AB&Co. purchased assets worth Rs. 28,80,000 from vendor. It issued debentures of Rs. 100 each at a discount of 4% in full satisfaction of the purchase consideration. The number of debentures issued to vendor is :

A company can buy its own shares when-

Z Ltd issued 15,000, 12% Debentures of Rs.100 each at a premium of 2% redeemable at a premium of 5% In such case:

X Ltd. purchased assets from Y Ltd. for Rs.98,10,000. X Ltd. issued 12% Debentures of Rs.100 each at 10% discount against the payment. The number of debentures issued to Y Ltd. is:

Who from the following regularly attends the office of a company?