Company Accounts PYQ — Page 3

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

Which company must have at least two members?

Arrange the following capitals in correct sequence as they appears in notes to account- (A) Subscribed and Not Fully paid-up (B) Subscribed and Fully paid-up (C) Issued Capital (D) Nominal Capital Choose the correct answer from the options given below:

Money received against share warrants' is to be disclosed as a separate item under which head/sub-head

Disclosure of shares (specifying the number of shares held) in a company is required for each shareholder holding _________ shares.

Profit on reissue of forfeited shares should be treated as:

The profit on the reissue of forfeited shares is transferred to

Match List-I with List-II | List-I | List-II | |---|---| | (A) Interest on calls in arrears | (I) Preference Shares | | (B) Interest on calls in advance | (II) OPC | | (C) Sec.2(62) of The Companies Act, 2013 defines | (III) 12% | | (D) Sec.43 of The Companies Act, 2013 defines | (IV) 10% | Choose the correct answer from the options given below: 1. (A) - (IV), (B) - (III), (C) - (I), (D) - (II) 2. (A) - (IV), (B) - (III), (C) - (II), (D) - (I) 3. (A) - (II), (B) - (I), (C) - (IV), (D) - (III) 4. (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

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

The balance of the Share Forfeiture Account will be shown in the Balance Sheet of the Company, under the head of :

The following are the features of Debentures: (A) The payment of interest is a charge on profits and is to be paid even if there is no profit. (B) The debentures, which are issued for a specified period are repayable on the expiry of that period. (C) If the debentures are generally secured, they carry a fixed or floating charge over the assets of the company. (D) Debentures can not be converted into shares in any case. Choose the correct answer from the options given below:

In the Journal Entry of forfeiture of shares issued at a premium, the Share Capital Account is :-

Profit on reissue of shares is transferred to

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 will be included in case debenture's are issued to vendor at a discount for purchase consideration other than cash? (A) % Debenture A/c is credited (B) Vendor A/c is debited (C) Discount on Issue of Debenture A/c is debited (D) Securities Premium Reserve A/c is credited Choose the correct answer from the options given below:

What will be the journal entries when a call is due and the amount of the same is received?

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

Which among the following statements is NOT true

Equity shareholders are..................of the company:

Where there is no articles of association of its own, which of the following provisions applies as per Table A.

Correct steps in the procedure of issue of shares are- (A) Allotment of Shares (B) Calls in Arrears (C) Issue of Prospectus (D) Receipt of Applications Choose the correct answer from the options given below:

Which of the following company, by its articles, restricts the right to transfer its shares ?

What is the amount of discount per share which is allowed by the company at the time of reissue of forfeited shares?

As a general rule, a company cannot ordinarily issue shares at ..................?