CUET UG Accountancy — Company Accounts previous year questions with solutions.
In what condition the amount is shown under the head of 'Subscribed and Fully Paid up Share Capital' in Balance Sheet of a Company-
Arrnge the following in proper order: (A) Issued Capital (B) Subscribed and fully paid (C) Subscribed and not fully paid (D) Authorised capital Choose the correct answer from the options given below:
Balance of share forfeiture account is shown in the balance sheet under which item :
What is the amount of discount per share which is allowed by the company at the time of reissue of forfeited shares?
Part of the subscribed capital which has been called up on the shares, i.e., what the company has asked the shareholders to pay is known as ……….
Arrange the following steps related to the issue of shares in proper sequence. (A) Allotment of Shares (B) Receipt of Applications (C) Issue of Prospectus (D) Share calls Choose the correct answer from the options given below:
As per Table F, the rate of interest provided on calls in advance can't exceed ...........p.a?
Which of the following company, by its articles, restricts the right to transfer its shares ?
Match List-I with List-II | List-I | List-II | |---|---| | (A) Separate Legal Entity | (I) A company being a legal person can enter into contracts and can enforce the contractual rights against others. | | (B) Perpetual Succession | (II) It can hold and deal with any type of property, It can enter into contracts and even open a bank account in its own name. | | (C) Common Seal | (III) The company being an artificial person created by law continues to exist irrespective of the changes in its membership. | | (D) May Sue or be Sued: | (IV) The company being an artificial person, cannot sign its name by itself. | Choose the correct answer from the options given below: 1. (A) - (II), (B) - (III), (C) - (IV), (D) - (I) 2. (A) - (II), (B) - (III), (C) - (I), (D) - (IV) 3. (A) - (II), (B) - (I), (C) - (IV), (D) - (III) 4. (A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Profit on reissue of shares is transferred to
The account which is not used in journal entry of the forfeiture of shares is:
Shares can be forfeited :
The maximum amount of discount on the re-issue of forfeited shares will be :-
Which among the following statements is NOT true
What is the nominal share capital?
Discount on issue of 8% debentures is shown in the balance sheet as
What is the nominal share capital?
Nominal share capital is :
ABC Industries Ltd. issued 2,000, 10% Debentures of Rs.100 each, at a premium of Rs. 10 per debenture payable as follows: On application Rs. 50 On allotment Rs. 60 The debentures were fully subscribed, and all money was duly received. The amount of long-term borrowings on the balance sheet will be
Match List-I with List-II | List-I | List-II | |---|---| | (A) Debenture of Rs 100 issued at Rs 110. | (I) Debenture as collateral security. | | (B) Debenture of Rs 100 issued at Rs 100. | (II) Debenture issued at Premium | | (C) Debenture of Rs 100 issued at Rs 90. | (III) Debenture issued at par. | | (D) Debenture issued to the lender in addition to some other assets already pledged. | (IV) Debenture issued at Discount. | Choose the correct answer from the options given below:
Arrange the following in the correct sequence: (A) Called-up capital (B) Subscribed capital (C) Issued capital (D) Paid-up capital Choose the correct answer from the options given below:
The company has to get minimum subscription within how many days?
The Profit on reissue of forfeited shares is transferred to-
Arrange the following events (in relation to the issue of shares) in a logical order. (A) Transfer to capital reserve. (B) Forfeiture of share. (C) Calls in arrears. (D) Re issue of share. Choose the correct answer from the options given below: