Company Accounts PYQ — Page 17

The amount transferred to Capital Reserve would be

When the purchase consideration is more than net assets taken over, the difference will be debited to

The shares are reissued at

PQR Ltd. issued 40,000 Equity shares of Rs. 10 each at par payable Rs. 3 on application, Rs. 4 on allotment and balance on first and final call. Applications were received for 1,10,000 shares. Applications for 20,000 shares were refused and allotment was made prorata to remaining applicants. Amount received on allotment is :

Arrange the following steps as per the procedure of issue of shares : (a) Receipt of applications (b) Allotment of shares (c) Reissue of forfeited shares (d) Issue of prospectus (e) Forfeiture of shares Choose the correct answer from the options given below :

As per Companies Act, 2013, a one person company is a:

Debenture holders are:

Match List I with List II | List I | List II | | --- | --- | | A. Excess of purchase consideration over value of net assets | I. Issue Debentures as collateral security | | B. Excess of net assets over purchase consideration | II. Goodwill | | C. Debenture Suspense Account | III. Issue of Debentures for consideration other than cash | | D. Assets received against Debentures | IV. Capital Reserve | Choose the correct answer from the options given below:

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 ________

Forfeiture of shares results in the reduction of :

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

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:

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.

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 :

A company issues a share of Rs. 10 on which Rs. 8 is called-up and a shareholder has not paid the call of Rs. 2. The amount credited to share capital in respect of such shares will be:

Which from the following is also known as 'Vertical Organisation'?

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:

Match List - I with List - II | List - I | List - II | | --- | --- | | (a) The portion of authorised capital of a company which can be called during winding up | (i) Other current liabilities | | (b) Excess of share forfeited amount over the loss on reissue | (ii) Reserve Capital | | (c) Calls-in-advance is shown in Balance sheet under the head __ | (iii) Capital Reserve | | (d) Equity shares cannot be issued to public at __ | (iv) Discount | Choose the correct answer from the options given below :

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

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 :

The following refer to the maximum amount of share capitals issued by a company in its life times except:

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:

Which A/c is credited for transfer of interest on Debenture Redemption Fund Investment?