CUET UG Accountancy — Company Accounts previous year questions with solutions.
The portion of capital which the company does not issue to the public is known as :
The maximum amount that can be called up on the first call by the company is :
The amount to be adjusted with the call of allotment will be :
The Balance Sheet of the company will show authorised capital of the company as _______ .
Amount of Securities Premium Reserve to be debited at the time of forfeiture of shares will be
Amount of Security Premium Reserve credited at the time of allotment of Shares will be
Total applications received are for :
Amount to be returned to the applicants due to non-allotment of shares will be :
Which A/c is credited for transfer of interest on Debenture Redemption Fund Investment?
Bajaj Sales Ltd. issues 20,000 equity shares of Rs. 20 each to the public. The amount is payable as, On application Rs. 4 per share On allotment Rs. 4 per share On first call Rs. 6 per share On final call Rs. 6 per share All money has been received on shares. Only one shareholder, who has 200 shares could not pay allotment money and his shares have been forfeited before making first call. Forfeited shares have been re-issued at Rs. 18 fully paid-up. What is the amount of capital reserve?
Loss on issue of Debenture is a _______
Discount on Issue of Debentures A. Is not a capital gain B. Can be written off in any year C. Can be written off from securities premium Reserve D. Can be written off from General Reserve Choose the correct answer from the options given below:
From Coupon Rate Point of view, Debentures are classified into:
When the number of Debentures applied for is more than the number of debentures offered to public, the issue is said to be:
Security Premium Reserve can be used by Hero Ltd. for
The amount received on allotment was
The amount transferred to Capital Reserve would be
The amount received on First and Final call is
The amount of forfeiture left over after reissue will be
At the time of forfeiture security premium reserve a/c will be debited for _______ shares.
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:
Identify the correct sequence of steps in the process of Issue of Shares: A. Making allotment of shares B. Issue of Prospectus C. Forfeiture of shares D. Receiving applications for shares E. Making calls Choose the correct answer from the options given below:
Securities Premium Reserve can be used to: A. Issue new shares to existing shareholders B. Write off Preliminary expenses C. Writing off of Goodwill D. Premium on Redemption of debentures E. Issue fully paid Bonus Shares Choose the correct answer from the options given below: