Company Accounts

Share Capital

Easy

common

In case of over subscription, three alternatives are available to the directors to deal with the situation:. Find the odd alternative.

They can accept some applications in full and totally reject the others.

They can make a pro-rata allotment to all.

They will not make any allotment and go for fresh issue.

They can adopt a combination of the two alternatives i.e. they can accept some applications in full and totally reject the some; and make a pro-rata allotment to the remaining.

✅ Correct Option: 3

On over subscription the directors may reject some applications outright, make a pro rata allotment, or combine both. Refusing all allotments and making a fresh issue is not one of the recognised alternatives, so it is the odd one.

2022: 16 July Shift 2

When the purchase consideration is more than net assets taken over, the difference will be debited to

2026: 29 May Shift 2

Arrange the following categories of share capital in the correct sequence to show in the notes to accounts of balance sheet:

A. Authorised Share Capital

B. Subscribed and Fully Paid-Up Capital

C. Issued Capital

D. Subscribed but not fully paid up Capital

Choose the correct answer from the options given below:

2026: 6 June Shift 1

In public subscription, when there is no articles of association, which of the following provision is not true?

2025: 29 May Shift 2

The account which is not used in journal entry of the forfeiture of shares is:

2025: 24 May Shift 1

Arrange the following in the correct sequence:

(A) Called-up capital

(B) Subscribed capital

(D) Paid-up capital

Choose the correct answer from the options given below:

2026: 13 May Shift 2

Match List-I with List-II.

List-I	List-II
(A) Subscribed but not fully paid up capital	(I) Shown under "Other Current Liabilities" in Balance Sheet
(B) Calls in Arrears	(II) Shown under "Reserves & Surplus" in Balance Sheet
(C) Calls in Advance	(III) Deducted from Subscribed Capital
(D) Securities Premium Reserve	(IV) Share Capital Note Disclosure

Choose the correct answer from the options given below:

In case of over subscription, three alternatives are available to the directors to deal with the situation:. Find the odd alternative.

Solution

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