Company Accounts PYQ — Page 17

Correct sequence of issue of shares is - A. Receipt of Application B. Issue of Prospectus C. Letter of Allotment of Shares D. Letter of Regret Choose the correct answer from the options given below:

The directors of a company forfeited 400 equity shares of Rs. 10 each fully called up on which Rs. 1,600 had been paid. All the forfeited shares were reissued upon payment of Rs. 3,000. Calculate the amount transferred to Capital Reserve

The company purchased plant with a book value of Rs. 1,90,000 from National Victory Company and agreed to pay via issuing 2000, 10% Debentures of Rs. 100 each at a discount of 5%. Amount that will be credited to 10% Debenture A/c will be:

The money received from applicants to whom no debentures have been allotted will be ________

Match List I with List II | List I | List II | | --- | --- | | A. Share forfeiture | I. Reserve Capital | | B. Uncalled Capital | II. Pro-rata allotment | | C. Over-subscription | III. Capital Reserve | | D. Discount on issue of shares | IV. Reissue of shares | Choose the correct answer from the options given below:

All of them are shown under the sub-heading 'Reserve and Surplus' except :

An issue of shares made by the company to the public in general for subscription is called :

Forfeiture of shares results in the reduction of :

Securities Premium Reserve as per section 52(2) of the companies Act 2013 can be used : (A) To write-off preliminary expenses of the company (B) To issue fully paid bonus shares to the extent not exceeding unissued share capital of the company (C) To pay premium on the redemption of preference shares or debentures (D) To write off discount allowed on the goods sold on credit Choose the correct answer from the options given below :

Match List - I with List - II. | List - I | List - II | |---|---| | (A) Share forfeiture | (I) Cr. share capital | | (B) Shares reissued | (II) Dr. share capital | | (C) Excess application money refunded | (III) Dr. Bank A/c | | (D) Calls money received | (IV) Cr. Bank A/c | Choose the correct answer from the options given below :

If a share of Rs. 10 on which Rs. 7 has been paid is forfeited, at what minimum price can it be reissued ?

Identify the methods of Redemption of Debenture from the following. (A) By conversion into shares or new debenture (B) Purchase in open market (C) Sinking fund (D) Payment in instalments (E) Payment in lump-sum Choose the correct answer from the options given below :

Match List I with List II | | LIST I: Basis of Debenture | | LIST II: Types of Debenture | |---|---|---|---| | A. | Tenure | I. | Zero coupon rate | | B. | Interest rate point of view | II. | Irredemable | | C. | Security | III. | Registration | | D. | Bearer | IV. | Secured | Choose the correct answer from the options given below:

What is the correct sequence of allotment of shares A. Allotment money received B. Inviting applications from investors C. Allotment Due D. Application money Received E. Share Call Money Due Choose the correct answer from the options given below :

What is the correct sequence of types of capital in company's Balance sheet while preparing notes to accounts. A. Issued Capital B. Subscribed and fully paid up capital C. Share forfeited Balance D. Authorised Capital E. Subscribed but not fully paid up capital Choose the correct answer from the options given below:

Calculate the amount of yearly interest payable on 9% debentures (10,000 debentures of Rs. 100) issued as collateral security.

Romi Ltd. purchased building worth Rs. 1,50,000 machinery worth Rs. 1,40,000 and furniture worth Rs. 10,000 from xyz co. and took over its liabilities of Rs. 20,000 for a purchase consideration of Rs. 3,15,000. They paid the purchase consideration by issuing 12% debentures of Rs. 100 each at a premium of 5%. What will be the number of debentures issued by Romi Ltd.

Securities premium Reserve can be utilised ___ A. to return excess money received on application B. to write off preliminary expenses C. to issue partly paid bonus shares D. for premium paid on Redemption of Debentures or preference shares E. for buy back of shares Choose the correct answer from the options given below:

What are different types of debentures from the view point of registration A. Convertible B. Bearer C. Redeemable D. Secured E. Registered Choose the correct answer from the options given below:

When debentures are issued at premium with the term of redeeming them at par. The amount of premium received at the time of issue will be:

The company issued 20,000 equity shares of Rs. 10 each to vendor. After issuing them the shares the vendor will be considered as:

In order to raise money by issuing the shares in the market the company must get applications for at least ____.

The process of issuing shares to a vendor in exchange of any asset is known as:

If the company is unable to get minimum subscription, the shares cannot be issued and the amount must be refunded within 8 days from the date of closure. If not, company shall be liable to pay ______% interest p.a.