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Class 12 Accountancy - Company Accounts and Analysis of Financial Statements - Chapter 1: Accounting for Share Capital MCQ Questions

35 Questions 70 Minutes
Answered: 0 / 35Unanswered: 35

Your Class 12 Accountancy - Company Accounts and Analysis of Financial Statements Study Path

  1. 1LearnNCERT Solutions
  2. 2PracticeChapter MCQs
  3. 3TestChapter Test
  4. 4PrepareSample Papers
  5. 5Exam PracticePrevious-Year Papers
  6. 6Final CheckMock Test
Question 1

Private company is one which:

Question 2

Shares can be issued at:

Question 3

Maximum number of members in a private company:

Question 4

When the number of shares applied for is less than the number of shares offered, is called ______ subscription.

Question 5

Applications for 45,000 shares were received and shares were allotted to all the applicants. Pooja, to whom 500 shares were allotted, paid her entire share money at the time of allotment, whereas Kundan did not pay the first and final call on his 300 shares. The amount received at the time of making first and final call was:

Question 6

Discount (Loss) allowed on Re-issue of shares will be debited to:

Question 7

Minimum number of members in a private company:

Question 8

Debenture holders are the ______ of the company.

Question 9

Preference shareholders are the _______ of the company.

Question 10

Equity shareholders are the _______ of the company.

Question 11

A Joint stock company has:

Question 12

Amount received for security premium will be credited to:

Question 13

_________ is the fractional part of the total Capital of the company.

Question 14

Applications for 95,000 shares were received and shares were allotted to all the applicants. Sonam to whom 500 shares were allotted failed to pay allotment money and Gautam paid his entire amount due including the amount due on first and final call on the 750 shares allotted to him along with allotment. The amount received on allotment was:

Question 15

_______ capital is the sum mentioned in capital clause of Memorandum of Association.

Question 16

Interest on calls arrears will be charged@ _______ pa.

Question 17

______ shares have to be repaid by the company after a specified period.

Question 18

________ can not be redeemed during the life time of a company.

Question 19

Interest on calls in advance will be allowed @ ______ p.a.

Question 20

Section ______ of Companies Act provide those conditions which must be followed if share are issued at discount.

Question 21

_________ enjoys the rights of voting.

Question 22

________ capital is that portion of uncalled share capital which shall not be called except in the event and for the purpose of the company wound up.

Question 23

Minimum subscription amount must be received within _____ subscription list.

Question 24

Minimum number of members in a public company:

Question 25

Application money never is less than ________ of face value.

Question 26

Amount of security premium may be called along with:

Question 27

The balance of share forfeiture account after re-issue is transferred to:

Question 28

Metacaf Ltd. issued 50,000 shares of ₹ 100 each payable ₹ 20 on application (on 1 st may 2012) ₹ 30 on allotment (on 1st January 2013) ₹ 20 on first call (on 1st July 2013) and the balance on final call (on 1st February 2014). Shankar, a shareholder holding 5,000 shares did not pay the first call on the due date. The second call was made and Shankar paid the first call amount along with the second call. All sums due were received.

Question 29

Rate of return is not fixed on _______.

Question 30

Question 19.

Question 31

When the number of shares applied for is more than the number of shares offered, is called ______ subscription.

Question 32

Companies in India are governed by companies Act:

Question 33

Maximum number of members in a public company:

Question 34

Maximum paid-up capital in case of OPC is restricted to rupees ______.

Question 35

Calls amount should not exceed _______ of the face value.

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