Company Accounts PYQ — Page 6

Rs 50,000 were received in advance for second and final call along with first call. The second and final call was due after two months from the first call. Table II provides for interest on calls in advance at the rate not exceeding _____ per annum and interest on calls in advance amounted to Rs ...........

Rohan to whom 600 shares were allotted must have applied for:

Reserve capital is

Rahul Limited purchased building from Handa Limited for Rs.5,40,000 and the payment is to be made by the issue of shares of Rs.100 each. The number of shares to be issued at premium of 20% is:

Rahul Limited purchased a building from Handa Limited for Rs.5,40,000 and the payment is to be made by the issue of shares of Rs.100 each. What will the number of shares to be issued when shares issued at a premium of 20%?

R Ltd purchased a building from X Infra for Rs 6,00,000 and the payment is to be made by the issue of shares for Rs 100 each at a premium of 20%. Calculate the number of shares to be issued.

R Ltd purchased a building from X Infra for Rs 6,00,000 and the payment is to be made by the issue of shares for Rs 100 each at a premium of 20%. Calculate the number of shares to be issued.

Profit on reissue of shares is transferred to

Profit on reissue of forfeited shares should be treated as:

Preference Shares are defined under section ________ of the Companies Act, 2013.

Perpetual Debentures are also known as:-

Perpetual Debentures are also known as :-

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 ……….

On the basis of the number of members, companies can be divided into: (A) Unlimited Company (B) Public Company (C) Private Company (D) One Person Company (OPC) Choose the correct answer from the options given below:

On Reissue of 500 forfeited shares as fully paid at Rs. 8 per share, what amount will be debited to Shares Forfeiture Account?

On Forfeiture of 500 shares for non-payment of call money, what amount will be credited to Shares Forfeiture Account?

Number of debentures issued are :

Nominal share capital is :

Nominal share capital is-

Money received on First Call is

Money received in advance from shareholders before it is actually called-up by the directors is :

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

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: (A) The price of any property purchased, or to be purchased, which has to be met wholly or partly out of the proceeds of issue; (B) Preliminary expenses payable by the company and any commission payable in connection with the issue of shares; (C) Working capital; (D) Any other expenditure required for the usual conduct of business operations Choose the correct answer from the options given below:

Match List-I with List-II | List–I | List–II | | ----------------------- | ----------------------------------------------- | | (A) Authorized capital | (I) Mentioned in Prospectus. | | (B) Issued capital. | (II) Mentioned in Memorandum of Association. | | (C) Subscribed capital. | (III) called up capital–calls in arrears. | | (D) Paid up capital. | (IV) Capital for which application is received. | Choose the correct answer from the options given below: