CUET UG Accountancy — Company Accounts previous year questions with solutions.
A minimum of ______ days' notice is to be given to the shareholders to pay the amount of any call :-
Match List-I with List-II | List-I | List-II | |---|---| | Type of Debenture | Meaning | | (A) Redeemable Debenture | (I) Payable on the expiry of the specific period either in lump sum or in installments during the lifetime of the company. | | (B) Perpetual Debenture | (II) Company does not give any undertaking for the repayment of money borrowed by issuing such debentures. | | (C) Specific Coupon Rate Debenture | (III) Issued with a specified rate of interest, which is called the coupon rate. | | (D) Bearer Debenture | (IV) Can be transferred by way of delivery and the company does not keep any record of the debenture. | Choose the correct answer from the options given below:
While issuing shares, the application money should be atleast ______ of face value.
Match List-I with List-II | List-I | List-II | |---|---| | (A) Unregistered Debentures | (I) Perpetual Debentures | | (B) Unsecured Debentures | (II) Naked Debentures | | (C) Secured Debentures | (III) Bearer Debentures | | (D) Irredeemable Debentures | (IV) Mortgage Debentures | Choose the correct answer from the options given below:
Balance of share forfeiture account is shown in the balance sheet under the sub-head-
Shares can be forfeited :
Which of the following is not a way of issuing debentures-
Arrange the following in correct order for issue of shares- (A) Share forfeiture (B) Share Application (C) Share Allotment (D) Unpaid Call Choose the correct answer from the options given below: 1. (B), (A), (C), (D) 2. (B), (C), (D), (A) 3. (B), (A), (D), (C) 4. (C), (B), (D), (A)
Balance of share forfeiture account is shown in the balance sheet under the item:
X Co. Ltd. purchased assets worth Rs. 28,80,000. It issued debentures of Rs. 100 each at a discount of 4 % in full satisfaction of the purchase consideration. The number of debentures issued to vendors is:
Which section of the Company's Act defines/describes Equity and Preference Shares?
Issue of Rs. 1,00,000, 9% debentures of Rs. 100 each at discount of 15% but redeemable at premium of 5%, the amount debited to loss on issue of debenture account is.
Arrange the following in order with respect to the issue of shares (A) Application received (B) Issue of prospectus (C) Forfeiture of shares (D) Allotment of Shares (E) Reissue of forfeited shares Choose the correct answer from the options given below:
The rate of interest on calls in arrears as per Table F can not exceed.
When journal entry for forfeiture of shares is recorded in the Company's Accounts Books, the Share Capital Account -
Which of the following is not a feature of a company?
A private company is one which. (A) restricts the right to transfer share.. (B) limits the number of members to 200. (C) must have at least 2 persons. (D) inculde a company which is subsidiary of public company. Choose the correct answer from the options given below:
Which is not a type of Preference Shares :-
Debentures which are transferable by mere delivery are:
To write off Discount on issue of debentures following entry is made
From the point of view of Tenure, debentures can be of following types: (A) Reedemable Debentures (B) Non-Convertible Debentures (C) Perpetual Debentures (D) Registered Debentures Choose the correct answer from the options given below:
What is the other name of registered capital?
When journal entry for forfeiture of shares is recorded in the Company's books, the Share Capital Account -
The Profit on reissue of forfeited shares is transferred to :