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WorksheetsShare Capital
Total questions: 25
Worksheet time: 13mins
When the shares are issued for consideration other than cash which account will be debited
Securities Premium
Capital Reserve A/c
Vendor A/c
Share Capital A/c
A Co. has issued 6,000 equity shares of. Rs. 10 each at par and called up amount Rs. 6 per share. The remaining part of capital is termed as
Called up Capital
Paid up Capital
uncalled Capital
Subscribed Capital
Share capital of a company is divided into small units. Every unit is known as a (a) .
The options granted by the company to its employees and employee directors at a price that is lower than the market price is (a) .
Actual number of shares offered to the public by the company for subscription is known as (a) .
When the shares are issued at a price more than the face value, it is known as share issued at (a)
Excess balance amount of share forfeited account will be transferred to (a) Account.
The application money should be refund within (a) days from the closure of the issue.
A company must receive minimum subscription of (a) of shares before it allots the share.
X Ltd purchase the running business of Y Ltd consist total asset of Rs. 10,00,000 liabilities of Rs. 2,00,000. X Ltd paid Rs. 2,00,000 immediately in cash and balance by issuing 7,000 share of Rs. 100 each at a premium of Rs. 20 per share. The goodwill A/c will be debited by Rs. (a) .
A company issued 50,000,12% preference shares of Rs.100 each. Company received applications for 70,000 shares. This will be known as (a) of shares.
The % associated with preference shares is prefix is the rate of (a) .
Which of the following capital is not shown in the company’s Balance Sheet
`
Authorised capital
Issued &subscribed capital
Called-up & paid up-capital
Reserve capital
ltd company took over assets worth Rs. 10,00,000 and liabilities of Rs. 3,00,000 for purchase consideration worth Rs. 12,00,000 how much amount will be debited to goodwill account
Rs. 10,00,000
Rs. 5,00,000
Rs. 3,00,000
Rs. 12,00,000
A Company allotted 20,000 shares to applicants of 50,000 shares after rejecting 10,000 applications. The ratio in which company allotted the share will be
5:2
5:3
2:1
3:1
A company issued 6,000 shares of Rs. 10 each money to be called up:-On application Rs. 3 on allotment Rs. 3 on first call Rs. 2 and remaining on second call. On allotment one shareholders having 100 shares paid full amount
The amount collected on allotment……….
18,000
12,000
18,400
18,600
X ltd. Forfeited 1,000 shares of Rs. 10 each for the non-payment of final call of Rs. 2. The account will be debited for called up price of a share at the time of forfeiture of shares :
Share Forfeiture A/c
Share Capital A/c
Share Final Call A/c
None of these
Amount of discount given at the time of reissue of shares should be debited to :
Shares Capital
Discount on Shares
Share Forfeiture A/c
Calls-In-Areas A/c
