Company Accounts PYQ — Page 3

Which of the following will be credited for the excess amount received along with allotment money from the shareholders?

Which of the following is incorrect about the minimum subscription: Minimum subscription is the minimum amount that, in the opinion of directors, must be raised to meet the needs of business operations of the company relating to:

In which order, the share capital of the Company is shown on the balance sheet: (A) Authorized Capital (B) Subscribed and fully paid up Capital (C) Issued Capital (D) Subscribed but not fully paid up Choose the correct answer from the options given below:

Gupta Ltd. issued 1,000 equity shares of Rs. 100 each as fully paid-up, to the vendor, in consideration of the purchase of plant and machinery worth Rs. 1,00,000. Which of the following entry will be recorded in the company's journal for it?

Which of the following indicates the other name of 'Nominal Capital'?

Which statements are correct about capital reserve:- (A) It is necessary to create capital reserves out of capital profits, if any. (B) It cannot be used to issue bonus shares. (C) It can be used to write off capital losses or to issue bonus shares any time during the lifetime of the company. (D) It is not shown on the company balance sheet. Choose the correct answer from the options given below:

Which of the following is not a feature of a company ?

What does 'E' stand for in ESOP?

Interest on calls-in-arrears is charged according to 'Table F' at the rate of .......p.a? :

Which company doesn't restricts the right to transfer its shares?

At the time of forfeiture, share capital account is

The debentures which are payable on the expiry of the specific period are

It is to be noted that 'minimum subscription' of capital cannot be less than ……… of the issued amount according to SEBI Guidelines (Disclosure and Investor Protection)

If a delay occurs beyond 8 days from the date of closure of the subscription list in refunding the amount received due to non-fulfilment of the criteria of minimum subscription, the company shall be liable to pay the amount with interest at the rate of:

There must be an interval of how many months between the making of two calls unless otherwise provided by the articles of association of the company.

Which company must have at least two members?

Match List-I with List-II | List-I | List-II | |---|---| | (Particulars) | (Treatment) | | (A) Issue of debentures as collateral security | (I) Vendor Account will be credited | | (B) Issue of debenture to Public | (II) Debenture Suspense Account will be debited | | (C) Issue of debentures to vendor for purchase of an Asset | (III) Statement of Profit and Loss will be debited | | (D) Writting off Discount/Loss on Issue of Debentures | (IV) Bank Account will be debited | Choose the correct answer from the options given below:

Debentures can be issued at (A) Par (B) Premium (C) Discount (D) Transaction value Choose the correct answer from the options given below:

The period of how many month/months must elapse between two calls.

Which of the following statements are true with reference to a "company"? (A) The directors of the company are the owners of the company. (B) A company is an artificial person. (C) A company has its common seal. (D) The liability of the members of the company is limited to the extent of shares held by them Choose the correct answer from the options given below:

A share having a face value of Rs.12, on which Rs. 10 is called-up and Rs. 8 is paid, is forfeited. State the amount with which the Share Capital account will be debited

Amount of discount allowed on the reissue of forfeited shares cannot exceed the amount that has:-

Match List-I with List-II | List-I | List-II | |---|---| | (A) Calls in advance | (I) The maximum number of members is 200. | | (B) Calls in arrears | (II) 12 % | | (C) Private company | (III) 10 % | | (D) Public company | (IV) No limit on the maximum number of members. | Choose the correct answer from the options given below:

According to 'Table F', interest on calls-in-arrears is charged at: