CUET UG Accountancy — Company Accounts previous year questions with solutions.
Match List-I with List-II | List-I | List-II | |---|---| | (A) These debentures refer to those debentures where a charge is created on the assets of the company for the purpose of payment in case of default. | (I) Bearer Debentures | | (B) These debentures are those which are payable on the expiry of the specific period either in lump sum or in installments during the lifetime of the company. | (II) Zero Coupon Rate Debentures | | (C) These debentures do not carry a specific rate of interest. | (III) Redeemable Debentures | | (D) These debentures are the debentures which can be transferred by way of delivery and the company does not keep any record of the debentures interest on the debentures that is paid to a person who produces the interest coupon attached to such debentures. | (IV) Secured Debentures | Choose the correct answer from the options given below:
Shares can be forfeited:
The balance of the share forfeiture account is shown in the balance sheet under the item :
Discount allowed on re-issue of forfeited shares, will be:-
Arrange steps for the issue of shares- (A) Allotment of shares (B) Issue of Prospectus (C) Share first call (D) Receipt of Applications Choose the correct answer from the options given below:
Select the INCORRECT statement from the below given statements:-
The profit on the reissue of forfeited shares is transferred to
Shares except ESOP can be issued: (A) at Premium (B) at Par (C) for other than cash Choose the correct answer from the options given below:
Shares can be forfeited:
Identify which of the following will be shown in Notes to Accounts under SHARE CAPITAL head :-
Perpetual Debentures are also known as:-
On Forfeiture of 500 shares for non-payment of call money, what amount will be credited to Shares Forfeiture Account?
The balance of the Share Forfeiture Account will be shown in the Balance Sheet of the Company, under the head of :
Debentures which are transferable by mere delivery are:
The Profit on reissue of forfeited shares is transferred to:
Convertible debentures cannot be issued at a discount if:
The Profit on reissue of forfeited shares is transferred to :
The amount on any call should not exceed ___ of the face value of shares.
Zomato Ltd. decided to offer 10% of its issued capital to its employees at a price lower than its market value. The scheme adopted by Zomato Ltd. is
If the premium amount has not been received, in respect of the shares forfeited, the Securities Premium Reserve Account
According to Sec 2 (62) of Companies Act, 2013,the maximum amount of paidup share capital of an OPC is:
Match List-I with List-II | List-I | List-II | |---|---| | (Book/Theory proposed/Characteristic, etc.) | (Author/Thinker/Name of Theory, etc.) | | (A) Authorised Capital | (I) Only available to creditors at the time of winding up of a company | | (B) Issued Capital | (II) The amount of capital that a company can raise in its life-time | | (C) Subscribed Capital | (III) Capital that is issued to the public for subscription | | (D) Reserve Capital | (IV) May be equal to or less than issued capital | Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | |---|---| | Allotment of Shares | Journal Entry | | (A) For Transfer of Application Money | (I) Share Application A/c Dr. To Bank A/c | | (B) For Money Refunded on Rejected Application | (II) Bank A/c Dr. To Share Allotment A/c | | (C) For Amount Due on Allotment | (III) Share Application A/c Dr. To Share Capital A/c | | (D) For Receipt of Allotment Money | (IV) Share Allotment A/c Dr. To Share Capital A/c | Choose the correct answer from the options given below:
Identify the steps of the procedure of share issue: (A) Allotment of Shares (B) Receipt of Applications (C) Issue of Prospectus (D) Share Call Choose the correct answer from the options given below: