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Worksheetscorporate accounting-I
Total questions: 18
Worksheet time: 13mins
Star Ltd forfeited 1,000 shares of Rs.10 each (which were issued at parof Jeevan, a share holder of the company, for non payment of allotment money of Rs.4 per share. The called up value per share was Rs.7. On forfeiture, the amount debited to share capital:
9000
10000
7000
6000
Calculate the amount of second & final call when Ekta Ltd, issues Equity shares of ₹ 10 each at a premium of 40% payable on Application ₹ 3, On Allotment ₹ 5, On First Call ₹ 2.
Second & final call ₹ 3.
Second & final call ₹ 4.
Second & final call ₹ 2
Second & final call ₹ 1
Arrange the following in proper sequence as types of “Share Capital”
a) Paid up capital
b)Issued capital
c) Subscribed capital
d)Authorised capital
a) ,c) , d) , b)
d), b), c),a)
d), c) , b), a)
The profit on reissue of forfeited shares is transferred to :
Share forfeited account
Share capital
Capital reserve
Profit and loss account
Capital of a Company is divided in units which is called
Debentures
Stock
Share
Bonds
Preference shareholders have
Preferential right in the management
Preferential right as to repayment of capital at the time of liquidation of the company
Preferential right as to dividend and repayment of capital at the time of liquidation of the Company
None of the above
Forfeiture of shares results in the reduction of (a) .
Minimum subscription is required to issue shares is (a) .
If the premium on the forfeited share already received then SPR account should be
Credited
Debited
No treatment
None of the above
Reserve Capital is :
Part of the uncalled capital which may be called only at the time of liquidation of the Company
Subscribe capital
Capital reserve
Uncalled capital
Share Application Account is in the nature of:
Real account
Personal account
Nominal account
None
Authorised capital of a Company is div ided into 5,00,000 shares of ₹10 each. It issued 3,00,000 shares. Public applied for 3,60,000 shares. Amount of issued capital will be :
30, 00,000
35, 00,000
36, 00,000
40, 00,000
The cost in the process of raising fund through equity is known as ______ .
Cost of capital
Financial cost
None
Floatation cost
Varun Ltd, issued a prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares and pro- rata allotment was made to the applicants of 2,400 shares. If Dhruv has been allotted 40 shares, how many shares he must have applied for?
40
44
48
52
Minimum no of directors in private ltd company
4
7
2
1
Book building process start in which year
1995
1996
1997
1998
Balance sheet shows
Financial position
Cash flow
How do you like the today activity?
