CUET Accountancy - Company Accounts - Share Capital | Free Questions

Q1:

4 June Shift 2

Company Accounts

>

Medium

Q1:

Discount on issue of shares account.

Loss on issue of shares account.

Share Forfeiture Account.

Premium on issue of shares account.

Correct Answer

Option 3

Correct Answer

Explanation →

Q2:

4 June Shift 2

Company Accounts

>

Medium

Q2:

Will be debited by the issue price of the shares forfeited.

Will be debited by the face value of the shares forfeited.

Will be debited by the called up value of the shares forfeited.

Will be credited by the issue price of the shares forfeited.

Correct Answer

Option 3

Correct Answer

Explanation →

Q3:

4 June Shift 2

Company Accounts

>

Easy

Q3:

preliminary expenses payable by the company and any commission payable in connection with the issue of shares

working capital

personal needs of shareholders

any other expenditure required for the usual conduct of business operations.

Correct Answer

Option 3

Correct Answer

Explanation →

Q4:

4 June Shift 2

Company Accounts

>

Medium

Q4:

Rs. 4,800

Rs. 8,400

Rs. 7,200

Zero

Correct Answer

Option 3

Correct Answer

Explanation →

Q5:

4 June Shift 2

Company Accounts

>

Easy

Q5:

41

42

43

44

Correct Answer

Option 3

Correct Answer

Explanation →

Q6:

4 June Shift 2

Company Accounts

>

Easy

Q6:

Revenue profit

Capital profit

Income

Operating profit

Correct Answer

Option 2

Correct Answer

Explanation →

Q7:

4 June Shift 2

Company Accounts

>

Medium

Q7:

Shares Forfeiture A/c Dr. 3,500

To Capital Reserve A/c 3,500

Shares Forfeiture A/c Dr. 6,500

To Capital Reserve A/c 6,500

Shares Forfeiture A/c Dr. 4,500

To Capital Reserve A/c 4,500

Shares Forfeiture A/c Dr. 10,500

To Capital Reserve A/c 10,500

Correct Answer

Option 3

Correct Answer

Explanation →

Q8:

4 June Shift 2

Company Accounts

>

Easy

Q8:

100

200

300

unlimited

Correct Answer

Option 2

Correct Answer

Explanation →

Q9:

4 June Shift 2

Company Accounts

>

Easy

Q9:

General Reserve

Capital Redemption Reserve

Capital Reserve

Reserve Capital

Correct Answer

Option 3

Correct Answer

Explanation →

Q10:

4 June Shift 2

Company Accounts

>

Medium

Q10:

(A) and (B) only

(A) and (C) only

(A), (B), and (C)

(C) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q11:

4 June Shift 2

Company Accounts

>

Medium

Q11:

Rs. 60,000

Rs. 30,000

Zero

Rs. 15,000

Correct Answer

Option 3

Correct Answer

Explanation →

Q12:

4 June Shift 2

Company Accounts

>

Easy

Q12:

Separate legal entity

Common seal

Limited Liability

Unlimited Liability

Correct Answer

Option 4

Correct Answer

Explanation →

Q13:

4 June Shift 2

Company Accounts

>

Easy

Q13:

for failure to repay the loan to the bank

for failure to attend meetings

for non-payment of call money

for issue of shares for consideration other than cash

Correct Answer

Option 3

Correct Answer

Explanation →

Q14:

3 June Shift 2

Company Accounts

>

Easy

Q14:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 4

Correct Answer

Explanation →

Q15:

3 June Shift 2

Company Accounts

>

Medium

Q15:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 4

Correct Answer

Explanation →

Q16:

3 June Shift 2

Company Accounts

>

Easy

Q16:

For Call Amount Due

Share Call A/c Dr.

To Share Call A/c

(Call money due on __Shares @ Rs. ___ per share)

For Receipt of Call Amount

Bank A/c Dr.

To Share Capital A/c

(Call money received)

For Call Amount Due

Share Call A/c Dr.

To Share Capital A/c

(Call money due on __Shares @ Rs. ___ per share)

For Receipt of Call Amount

Bank A/c Dr.

To Share Call A/c

(Call money received)

For Call Amount Due

Bank A/c Dr.

To Share Capital A/c

(Call money due on __Shares @ Rs. ___ per share)

For Receipt of Call Amount

Share Call A/c Dr.

To Share Call A/c

(Call money received)

For Call Amount Due

Share Capital A/c Dr.

To Share Call A/c

(Call money received)

For Receipt of Call Amount

Bank A/c Dr.

To Share Call A/c

(Call money due on __Shares @ Rs. ___ per share)

Correct Answer

Option 2

Correct Answer

Explanation →

Q17:

3 June Shift 2

Company Accounts

>

Easy

Q17:

15 days

Atleast three months

Atleast two months

Atleast one month

Correct Answer

Option 4

Correct Answer

Explanation →

Q18:

3 June Shift 2

Company Accounts

>

Medium

Q18:

Adjusted towards the amount due on the allotment of shares allotted

Refunded or credited to calls in advance.

Refunded money in full

Refunded or credited to Calls in Arrears

Correct Answer

Option 2

Correct Answer

Explanation →

Q19:

3 June Shift 2

Company Accounts

>

Medium

Q19:

Subscribed and fully paid up Share Capital

Subscribed but not fully paid up Share Capital

Issued Share Capital and Un-issued Share Capital

Registered Share Capital and Issued Share Capital

Correct Answer

Option 4

Correct Answer

Explanation →

Q20:

3 June Shift 2

Company Accounts

>

Easy

Q20:

Current liabilities and provisions

Reserves and surpluses

Share capital

Unsecured loan

Correct Answer

Option 3

Correct Answer

Explanation →

Q21:

3 June Shift 2

Company Accounts

>

Easy

Q21:

General Reserve

Capital redemption reserve

Capital reserve

Preference shares

Correct Answer

Option 3

Correct Answer

Explanation →

Q22:

3 June Shift 2

Company Accounts

>

Easy

Q22:

(A), (B), (C), (D), (E)

(A), (C), (B), (E), (D)

(B), (A), (D), (C), (E)

(C), (E), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q23:

3 June Shift 1

Company Accounts

>

Easy

Q23:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q24:

3 June Shift 1

Company Accounts

>

Medium

Q24:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 4

Correct Answer

Explanation →

Q25:

3 June Shift 1

Company Accounts

>

Easy

Q25:

(A), (B), (C), (D)

(C), (A), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q26:

3 June Shift 1

Company Accounts

>

Easy

Q26:

It is a portion of uncalled share capital and can be called only in the event of winding up of a company.

It is a portion of uncalled share capital and can be called at any time during the lifetime of a company.

It is a portion of un-paid share capital and can be called only in the event of winding up of a company.

It is a portion of un-subscribed share capital and can be called at any time during the lifetime of a company.

Correct Answer

Option 1

Correct Answer

Explanation →

Q27:

3 June Shift 1

Company Accounts

>

Medium

Q27:

(A), (B), (C), (D)

(B), (D), (A), (C)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q28:

3 June Shift 1

Company Accounts

>

Easy

Q28:

That part of the authorised capital which is issued by the company.

The amount of capital which is actually applied for by the prospective shareholders.

The maximum amount of share capital which a company is authorized to issue.

The amount actually paid by the shareholders.

Correct Answer

Option 3

Correct Answer

Explanation →

Q29:

3 June Shift 1

Company Accounts

>

Easy

Q29:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 3

Correct Answer

Explanation →

Q30:

3 June Shift 1

Company Accounts

>

Easy

Q30:

5000 shares

6000 shares

10000 shares

600000 shares

Correct Answer

Option 1

Correct Answer

Explanation →

Q31:

3 June Shift 1

Company Accounts

>

Medium

Q31:

Authorised Share Capital and Un-issued Share Capital.

Un-issued Share Capital and Un-called up Share Capital.

Authorised Share Capital and Un-called up Share Capital.

Authorized Share Capital and Issued Share Capital.

Correct Answer

Option 4

Correct Answer

Explanation →

Q32:

3 June Shift 1

Company Accounts

>

Medium

Q32:

not been called-up on forfeited shares at the time of initial issue.

been called-up on forfeited shares at the time of initial issue.

not been received on forfeited shares at the time of initial issue.

been received on forfeited shares at the time of initial issue.

Correct Answer

Option 4

Correct Answer

Explanation →

Q33:

3 June Shift 1

Company Accounts

>

Medium

Q33:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 4

Correct Answer

Explanation →

Q34:

3 June Shift 1

Company Accounts

>

Easy

Q34:

10%

12%

14.5%

11%

Correct Answer

Option 1

Correct Answer

Explanation →

Q35:

3 June Shift 1

Company Accounts

>

Easy

Q35:

for non-payment of call money

for failure to attend meetings

for failure to repay the loan to the bank

for which shares are pledged as a security

Correct Answer

Option 1

Correct Answer

Explanation →

Q36:

2 June Shift 2

Company Accounts

>

Easy

Q36:

Current assets.

A deduction from the paid up capital.

Current liability.

Reserve and surplus.

Correct Answer

Option 2

Correct Answer

Explanation →

Q37:

2 June Shift 2

Company Accounts

>

Easy

Q37:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 3

Correct Answer

Explanation →

Q38:

2 June Shift 2

Company Accounts

>

Easy

Q38:

5000 shares

6000 shares

10000 shares

60000 shares

Correct Answer

Option 1

Correct Answer

Explanation →

Q39:

2 June Shift 2

Company Accounts

>

Medium

Q39:

Rs.250.

Rs.50.

Rs.100.

Rs.150.

Correct Answer

Option 3

Correct Answer

Explanation →

Q40:

2 June Shift 2

Company Accounts

>

Easy

Q40:

If shares are fully called up and there are Calls in Arrears

If shares are fully called up and there are no Calls in Arrears

If shares are partly called up and there are no Calls in Arrears

If shares are partly called up and there are Calls in Arrears

Correct Answer

Option 2

Correct Answer

Explanation →

Q41:

2 June Shift 2

Company Accounts

>

Medium

Q41:

10

8

11

7

Correct Answer

Option 4

Correct Answer

Explanation →

Q42:

2 June Shift 2

Company Accounts

>

Medium

Q42:

(A), (B), (C), (D)

(A), (B), (D), (C)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 4

Correct Answer

Explanation →

Q43:

2 June Shift 2

Company Accounts

>

Easy

Q43:

A kind of capital reseve.

Part of called up capital.

Part of the subscribed capital decided not to be called up except in the event of winding up.

Part of capital not yet issued.

Correct Answer

Option 3

Correct Answer

Explanation →

Q44:

2 June Shift 2

Company Accounts

>

Medium

Q44:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q45:

2 June Shift 2

Company Accounts

>

Easy

Q45:

Shares are allotted only when the company receives the subscription and application money on minimum subscription as stated in the prospectus.

Shares are allotted to all applicants without considering anything.

All the issued shares are allotted to all applicants proportionally.

The Issue Is Closed And Application Money Is Refunded.

Correct Answer

Option 1

Correct Answer

Explanation →

Q46:

31 May Shift 1

Company Accounts

>

Easy

Q46:

12%

6%

10%

8%

Correct Answer

Option 1

Correct Answer

Explanation →

Q47:

31 May Shift 1

Company Accounts

>

Easy

Q47:

3000 Shares

3500 Shares

3600 Shares

3200 Shares

Correct Answer

Option 3

Correct Answer

Explanation →

Q48:

31 May Shift 1

Company Accounts

>

Easy

Q48:

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q49:

31 May Shift 1

Company Accounts

>

Easy

Q49:

Share Capital

Reserve and Surplus

Non-current Liabilities

Current Liabilities

Correct Answer

Option 1

Correct Answer

Explanation →

Q50:

31 May Shift 1

Company Accounts

>

Easy

Q50:

Par

Premium

Discount

Amount higher then its face value.

Correct Answer

Option 3

Correct Answer

Explanation →

Q51:

31 May Shift 1

Company Accounts

>

Medium

Q51:

Will be debited by the issue price of the shares forfeited.

Will be debited by the face value of the shares forfeited.

Will be debited by the called up value of the shares forfeited.

Will be credited by the issue price of the shares forfeited.

Correct Answer

Option 3

Correct Answer

Explanation →

Q52:

31 May Shift 1

Company Accounts

>

Easy

Q52:

General reserve

Capital redemption reserve

Capital reserve

Reserve capital

Correct Answer

Option 3

Correct Answer

Explanation →

Q53:

31 May Shift 1

Company Accounts

>

Medium

Q53:

Share Capital A/c Dr. 5, 000

Securities Premium A/c Dr. 1,000

To Share Allotment A/c 2,000

To Share first and final Call A/c 2,500

To Share Forfeiture A/c 1,500

Share Capital Reserve A/c Dr. 5,000

Securities Premium A/c Dr. 1,000

To Share Allotment A/c 4,000

To Share Forfeiture A/c 2,000

Share Capital A/c Dr. 5, 000

Securities Premium A/c Dr. 1,000

To Share Allotment A/c 2,000

To Share Forfeiture A/c 4,000

Share Capital A/c Dr. 5, 000

Securities Premium A/c Dr. 1,000

To Share Allotment A/c 2,000

To Share first and final Call A/c 1,500

To Share Forfeiture A/c 2,500

Correct Answer

Option 4

Correct Answer

Explanation →

Q54:

31 May Shift 1

Company Accounts

>

Easy

Q54:

Debited to calls in advance account

Credited to calls in advance account

Debited to calls account

Credited to calls account

Correct Answer

Option 2

Correct Answer

Explanation →

Q55:

31 May Shift 1

Company Accounts

>

Easy

Q55:

(B), (C), (A), (D)

(B), (D), (A), (C)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 1

Correct Answer

Explanation →

Q56:

31 May Shift 1

Company Accounts

>

Easy

Q56:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q57:

30 May Shift 2

Company Accounts

>

Easy

Q57:

for non-payment of call money

for failure to attend meetings

for failure to repay the loan to the bank

for which shares are pledged as a security

Correct Answer

Option 1

Correct Answer

Explanation →

Q58:

30 May Shift 2

Company Accounts

>

Easy

Q58:

3600

3200

3000

3800

Correct Answer

Option 3

Correct Answer

Explanation →

Q59:

30 May Shift 2

Company Accounts

>

Medium

Q59:

(A), (B), (C), (D)

(D), (C), (A), (B)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q60:

30 May Shift 2

Company Accounts

>

Easy

Q60:

Debited to the 'Discount on issue of Share Account'

Credited to the 'Share Forfeiture Account'

Credited to the 'Discount on issue of Share Account'

Debited to the 'Share Forfeiture Account'

Correct Answer

Option 4

Correct Answer

Explanation →

Q61:

30 May Shift 2

Company Accounts

>

Medium

Q61:

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q62:

30 May Shift 2

Company Accounts

>

Medium

Q62:

Equity Shares cannot be issued at Discount.

Equity Shares can be re-issued at Discount.

Equity Shares cannot be issued at premium.

Equity Shares cannot be re-issued at premium

Correct Answer

Option 2

Correct Answer

Explanation →

Q63:

30 May Shift 2

Company Accounts

>

Easy

Q63:

(A), (B) and (D) only

(A), (C) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q64:

30 May Shift 2

Company Accounts

>

Easy

Q64:

(A), (B), (C), (D)

(A), (B), (D), (C)

(D), (A), (B), (C)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q65:

30 May Shift 2

Company Accounts

>

Medium

Q65:

The amount already called up at the time of forfeiture.

The amount of calls in arrear at the time of forfeiture.

The amount of calls in advance at the time of forfeiture.

The amount already received at the time of forfeiture.

Correct Answer

Option 4

Correct Answer

Explanation →

Q66:

30 May Shift 2

Company Accounts

>

Medium

Q66:

Bank A/c Dr.

Calls in Arrears A/c Dr.

To Share First Call A/c

Bank A/c Dr.

To Calls in Arrears A/c

Calls in Arrears A/c Dr.

To Share First Call A/c

Share First Call A/c Dr.

To Calls in Arrears A/c

Correct Answer

Option 1

Correct Answer

Explanation →

Q67:

30 May Shift 2

Company Accounts

>

Easy

Q67:

The amount actually paid by the shareholders

The maximum amount of share capital which a company is authorised to issue.

The amount of capital which is actually applied for by the prospective shareholders.

That part of the authorized capital which is issued by the company.

Correct Answer

Option 2

Correct Answer

Explanation →

Q68:

30 May Shift 1

Company Accounts

>

Easy

Q68:

These shares can only be re-issued at a premium.

These shares can only be re-issued at par.

These shares can only be re-issued at a discount.

These shares can either be cancelled or can be re-issued.

Correct Answer

Option 4

Correct Answer

Explanation →

Q69:

30 May Shift 1

Company Accounts

>

Easy

Q69:

Un-issued Share Capital

Un-subscribed Share Capital

Un-paid Share Capital

Uncalled Share Capital

Correct Answer

Option 4

Correct Answer

Explanation →

Q70:

30 May Shift 1

Company Accounts

>

Medium

Q70:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (III), (B) - (I), (C) - (III), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 4

Correct Answer

Explanation →

Q71:

30 May Shift 1

Company Accounts

>

Easy

Q71:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q72:

30 May Shift 1

Company Accounts

>

Easy

Q72:

Participating Preference Shares

Cumulative Preference Shares

Irredeemable Preference Shares

Convertible Preference Shares

Correct Answer

Option 4

Correct Answer

Explanation →

Q73:

30 May Shift 1

Company Accounts

>

Easy

Q73:

10% per annum.

12% per annum.

11% per annum.

15% per annum.

Correct Answer

Option 2

Correct Answer

Explanation →

Q74:

30 May Shift 1

Company Accounts

>

Easy

Q74:

(A), (B), (C), (D)

(D), (C), (B), (A)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q75:

30 May Shift 1

Company Accounts

>

Easy

Q75:

The amount already called up at the time of forfeiture.

The amount of calls in arrear at the time of forfeiture.

The amount of calls in advance at the time of forfeiture.

The amount already received at the time of forfeiture.

Correct Answer

Option 4

Correct Answer

Explanation →

Q76:

30 May Shift 1

Company Accounts

>

Easy

Q76:

5,500 shares

5,400 shares

4,400 shares

4,500 shares

Correct Answer

Option 4

Correct Answer

Explanation →

Q77:

30 May Shift 1

Company Accounts

>

Easy

Q77:

The amount actually paid by the shareholders

The maximum amount of share capital which a company is authorised to issue.

The amount of capital which is actually applied for by the prospective shareholders.

That part of the authorized capital which is issued by the company.

Correct Answer

Option 2

Correct Answer

Explanation →

Q78:

30 May Shift 1

Company Accounts

>

Medium

Q78:

(C), (D), (B), (A)

(A), (B), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q79:

30 May Shift 1

Company Accounts

>

Easy

Q79:

Unsecured loans

Share capital

Reserves and surpluses

Current liabilities and provisions

Correct Answer

Option 2

Correct Answer

Explanation →

Q80:

29 May Shift 2

Company Accounts

>

Easy

Q80:

Amount Payable / Application money

Amount Receivable / Allotment price

Amount Payable / Issue Price

Amount Receivable / Issue Price

Correct Answer

Option 3

Correct Answer

Explanation →

Q81:

29 May Shift 2

Company Accounts

>

Easy

Q81:

Security premium account

Statement of profit and loss

General reserve

Capital reserve

Correct Answer

Option 4

Correct Answer

Explanation →

Q82:

29 May Shift 2

Company Accounts

>

Medium

Q82:

Subscribed Share Capital is shown in Balance Sheet, and included in the total with Authorised share capital of the company.

Subscribed Share Capital is shown in Notes to Accounts, and included in the total of Balance Sheet.

Subscribed Share Capital is shown in Balance Sheet, but not included in the total of Balance Sheet.

Subscribed Share Capital is shown in Notes to Accounts, but not included in the total of Balance Sheet.

Correct Answer

Option 2

Correct Answer

Explanation →

Q83:

29 May Shift 2

Company Accounts

>

Easy

Q83:

Respective call A/c, Calls in Advance A/c

Share Capital A/c, Respective Call A/c

Calls in Advance A/c, Bank A/c

Calls in Advance A/c, Respective Call A/c

Correct Answer

Option 1

Correct Answer

Explanation →

Q84:

29 May Shift 2

Company Accounts

>

Medium

Q84:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q85:

29 May Shift 2

Company Accounts

>

Medium

Q85:

Profit on forfeiture plus loss on reissue of forfeited share.

Amount of securities premium debited on forfeiture.

Profit on forfeiture minus loss on reissue of forfeited share,

Balance of amount not yet called.

Correct Answer

Option 3

Correct Answer

Explanation →

Q86:

29 May Shift 2

Company Accounts

>

Medium

Q86:

Only (A)

Only (A), (B) and (C)

Only (A) and (B)

Only (B)

Correct Answer

Option 2

Correct Answer

Explanation →

Q87:

29 May Shift 2

Company Accounts

>

Easy

Q87:

Debited by the issue price of the number of the shares forfeited.

Debited by the face value of the number of the shares forfeited.

Debited by the called up value of the number of the shares forfeited.

Credited by the issue price of the number of the shares forfeited.

Correct Answer

Option 3

Correct Answer

Explanation →

Q88:

29 May Shift 2

Company Accounts

>

Medium

Q88:

Share capital account.

Capital reserve account.

Securities premium account.

Calls in arrears account.

Correct Answer

Option 2

Correct Answer

Explanation →

Q89:

29 May Shift 2

Company Accounts

>

Medium

Q89:

period of 3 months must elapse between two calls

a minimum of 21 days notice is given to the shareholders to pay the amount.

a minimum of 14 days notice is given to the shareholders to pay the amount

the amount of call should be more than 25% of the face value of the share.

Correct Answer

Option 3

Correct Answer

Explanation →

Q90:

29 May Shift 2

Company Accounts

>

Medium

Q90:

Share are issued at premium and calls in arrears include premium.

Share are issued at premium and calls in arrears do not include premium.

Shares are issued at par and calls in arrears include premium.

Share are issued at par and calls in arrears do not include premium.

Correct Answer

Option 1

Correct Answer

Explanation →

Q91:

29 May Shift 2

Company Accounts

>

Easy

Q91:

11%, p.a.

10% p.m.

10% p.a

12% p a.

Correct Answer

Option 3

Correct Answer

Explanation →

Q92:

29 May Shift 2

Company Accounts

>

Medium

Q92:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q93:

27 May Shift 2

Company Accounts

>

Easy

Q93:

Allotment Money

Call Money

Application Money

Any of these

Correct Answer

Option 4

Correct Answer

Explanation →

Q94:

27 May Shift 2

Company Accounts

>

Easy

Q94:

Re-issue of Shares

Buy-back of Shares

Bonus Issue of Shares

Forfeiture of Shares.

Correct Answer

Option 2

Correct Answer

Explanation →

Q95:

27 May Shift 2

Company Accounts

>

Easy

Q95:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q96:

27 May Shift 2

Company Accounts

>

Medium

Q96:

(A), (B), (C), (D)

(A), (B), (D), (C)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 4

Correct Answer

Explanation →

Q97:

27 May Shift 2

Company Accounts

>

Medium

Q97:

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q98:

27 May Shift 2

Company Accounts

>

Medium

Q98:

Debited with the called up amount (including premium)

Debited with the face value amount (including premium)

Debited with the face value amount (excluding premium)

Debited with the called up amount (excluding premium)

Correct Answer

Option 4

Correct Answer

Explanation →

Q99:

27 May Shift 2

Company Accounts

>

Easy

Q99:

For failure to attend meetings

For failure to repay the loan to the bank

For which shares are pledged as a security

For non-payment of call money

Correct Answer

Option 4

Correct Answer

Explanation →

Q100:

27 May Shift 2

Company Accounts

>

Easy

Q100:

Share capital

Reserves and surpluses

Unsecured loans

Current liabilities and provisions

Correct Answer

Option 1

Correct Answer

Explanation →

Q101:

27 May Shift 2

Company Accounts

>

Medium

Q101:

(A), (B), (C), (D)

(A), (D), (C), (B)

(B), (D), (A), (C)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q102:

27 May Shift 1

Company Accounts

>

Easy

Q102:

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

(A) - (II), (B) - (III), (C) - (I), (D) - (IV)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q103:

27 May Shift 1

Company Accounts

>

Easy

Q103:

Rs 300

Rs 150

Rs 200

Rs 250

Correct Answer

Option 4

Correct Answer

Explanation →

Q104:

27 May Shift 1

Company Accounts

>

Medium

Q104:

To write-off the expenses of preliminary expenses of the company

To issue fully paid bonus shares

To pay off the purchase consideration.

To write off discount on issue of debentures.

Correct Answer

Option 3

Correct Answer

Explanation →

Q105:

27 May Shift 1

Company Accounts

>

Medium

Q105:

(A) - (IV), (B) - (III), (C) - (I), (D) - (II)

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q106:

27 May Shift 1

Company Accounts

>

Easy

Q106:

(B), (A), (C), (D)

(B), (C), (D), (A)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q107:

27 May Shift 1

Company Accounts

>

Easy

Q107:

Current liabilities and provisions

Reserves and surplus

Share capital

Unsecured Loan

Correct Answer

Option 3

Correct Answer

Explanation →

Q108:

27 May Shift 1

Company Accounts

>

Medium

Q108:

Restricts the right to transfer its shares

A private company must have at least 2 persons, except in case of one person company

Its paid up share capital is not more than Rs. 50 Lakhs

Limits the number of its members to 200 (excluding its employees)

Correct Answer

Option 3

Correct Answer

Explanation →

Q109:

27 May Shift 1

Company Accounts

>

Medium

Q109:

Rs 5400

Rs 6000

Rs 4500

Rs 9000

Correct Answer

Option 3

Correct Answer

Explanation →

Q110:

27 May Shift 1

Company Accounts

>

Medium

Q110:

(B) and (D) only

(A), (B) and (D) only

(B), (C) and (D) only

(C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q111:

26 May Shift 2

Company Accounts

>

Easy

Q111:

(A) - (II), (B) - (IV), (C) - (I), (D) - (III)

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (IV), (B) - (II), (C) - (I), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q112:

26 May Shift 2

Company Accounts

>

Easy

Q112:

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 3

Correct Answer

Explanation →

Q113:

26 May Shift 2

Company Accounts

>

Easy

Q113:

A company is an artificial person.

Company's shares are generally transferable.

Every member of a company is entitled to take part in its management.

The director of a company is always a shareholder.

Correct Answer

Option 3,4

Correct Answer

Explanation →

Q114:

26 May Shift 2

Company Accounts

>

Medium

Q114:

9%, Rs 750

10%, Rs 833

11%, Rs 917

12%, Rs 1000

Correct Answer

Option 4

Correct Answer

Explanation →

Q115:

26 May Shift 2

Company Accounts

>

Easy

Q115:

Current liabilities and provisions

Reserves and surpluses

Share capital

Unsecured loans

Correct Answer

Option 3

Correct Answer

Explanation →

Q116:

26 May Shift 2

Company Accounts

>

Medium

Q116:

Share Forfeiture A/c will be credited with 1,00,000

Share Forfeiture A/c will be debited with 1,00,000

Share Forfeiture A/c will be credited with 80,000

Share Forfeiture A/c will be debited with 80,000

Correct Answer

Option 3

Correct Answer

Explanation →

Q117:

26 May Shift 2

Company Accounts

>

Easy

Q117:

100

120

140

160

Correct Answer

Option 2

Correct Answer

Explanation →

Q118:

26 May Shift 2

Company Accounts

>

Easy

Q118:

general reserve

capital redemption reserve

capital reserve

reserve capital

Correct Answer

Option 3

Correct Answer

Explanation →

Q119:

24 May Shift 1

Company Accounts

>

Easy

Q119:

50 Lakhs

2 Crore

10 lakhs

1 crore

Correct Answer

Option 1

Correct Answer

Explanation →

Q120:

24 May Shift 1

Company Accounts

>

Easy

Q120:

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q121:

24 May Shift 1

Company Accounts

>

Medium

Q121:

(A) - (III), (B) - (I), (C) - (IV), (D) - (II)

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q122:

24 May Shift 1

Company Accounts

>

Easy

Q122:

(A), (B), (C),(D)

(A), (C), (B),(D)

(B), (A), (C),(D)

(C), (B),(A),(D)

Correct Answer

Option 4

Correct Answer

Explanation →

Q123:

24 May Shift 1

Company Accounts

>

Medium

Q123:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q124:

24 May Shift 1

Company Accounts

>

Easy

Q124:

Owners

Creditors

Customers

Debtors

Correct Answer

Option 1

Correct Answer

Explanation →

Q125:

24 May Shift 1

Company Accounts

>

Easy

Q125:

2 months

1 month

3 months

6 months

Correct Answer

Option 2

Correct Answer

Explanation →

Q126:

24 May Shift 1

Company Accounts

>

Medium

Q126:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (A), (D)

Correct Answer

Option 4

Correct Answer

Explanation →

Q127:

24 May Shift 1

Company Accounts

>

Medium

Q127:

12

10

8

4

Correct Answer

Option 2

Correct Answer

Explanation →

Q128:

24 May Shift 1

Company Accounts

>

Easy

Q128:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (II), (B) - (III), (C) - (I), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q129:

24 May Shift 1

Company Accounts

>

Easy

Q129:

11%

8%

6%

10%

Correct Answer

Option 4

Correct Answer

Explanation →

Q130:

24 May Shift 1

Company Accounts

>

Easy

Q130:

Unsecured loans

Share capital

Reserves and surplus

Current liabilities and provisions

Correct Answer

Option 2

Correct Answer

Explanation →

Q131:

24 May Shift 1

Company Accounts

>

Medium

Q131:

(A), (B) and (C) only

(A), (C) and (D) only

(A), (B) and (D) only

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q132:

24 May Shift 1

Company Accounts

>

Easy

Q132:

30

20

15

14

Correct Answer

Option 4

Correct Answer

Explanation →

Q133:

24 May Shift 1

Company Accounts

>

Easy

Q133:

20%

15%

5%

10%

Correct Answer

Option 3

Correct Answer

Explanation →

Q134:

24 May Shift 1

Company Accounts

>

Easy

Q134:

More than 10%

More than 5%

More than 15%

More than 20%

Correct Answer

Option 2

Correct Answer

Explanation →

Q135:

22 May Shift 2

Company Accounts

>

Easy

Q135:

Debited with face value.

Credited with face value.

Debited with called up value.

Credited with called up value.

Correct Answer

Option 3

Correct Answer

Explanation →

Q136:

22 May Shift 2

Company Accounts

>

Easy

Q136:

60%

90%

75%

10%

Correct Answer

Option 2

Correct Answer

Explanation →

Q137:

22 May Shift 2

Company Accounts

>

Medium

Q137:

12%

18%

6 %

15%

Correct Answer

Option 4

Correct Answer

Explanation →

Q138:

22 May Shift 2

Company Accounts

>

Easy

Q138:

15 days

atleast three months

atleast two months

atleast one month

Correct Answer

Option 4

Correct Answer

Explanation →

Q139:

22 May Shift 2

Company Accounts

>

Easy

Q139:

Called up capital

Issued Capital

Subscribed Capital

Paid up Capital

Correct Answer

Option 1

Correct Answer

Explanation →

Q140:

22 May Shift 2

Company Accounts

>

Easy

Q140:

(A), (B), (C), (D)

(C), (B), (D), (A)

(B), (A), (D), (C)

(C), (B), (A), (D)

Correct Answer

Option 4

Correct Answer

Explanation →

Q141:

22 May Shift 2

Company Accounts

>

Easy

Q141:

Public company

OPC

Private Company

Holding company

Correct Answer

Option 3

Correct Answer

Explanation →

Q142:

22 May Shift 1

Company Accounts

>

Easy

Q142:

Calls in Arrears Account

Calls in Advance Account

Share Call Account

Share Capital Account

Correct Answer

Option 2

Correct Answer

Explanation →

Q143:

22 May Shift 1

Company Accounts

>

Easy

Q143:

preliminary expenses payable by the company and any commission payable in connection with the issue of shares

working capital

personal needs of shareholders

any other expenditure required for the usual conduct of business operations.

Correct Answer

Option 3

Correct Answer

Explanation →

Q144:

22 May Shift 1

Company Accounts

>

Medium

Q144:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q145:

22 May Shift 1

Company Accounts

>

Easy

Q145:

Vendor A/c Dr. 100000 To Bank A/c 100000

Bank A/c Dr. 100000 To Vendor A/c 100000

Share Capital A/c Dr. 100000 To Vendor A/c 100000

Vendor A/c Dr. 100000 To Share Capital A/c 100000

Correct Answer

Option 4

Correct Answer

Explanation →

Q146:

22 May Shift 1

Company Accounts

>

Easy

Q146:

Subscribed Capital

Called Up Capital

Registered Capital

Issued Capital

Correct Answer

Option 3

Correct Answer

Explanation →

Q147:

22 May Shift 1

Company Accounts

>

Medium

Q147:

(A) and (C) only

(A), (B) and (C) only

(A), (C) and (D) only

(C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q148:

22 May Shift 1

Company Accounts

>

Easy

Q148:

Separate legal entity

Common seal

Limited Liability

Unlimited Liability

Correct Answer

Option 4

Correct Answer

Explanation →

Q149:

22 May Shift 1

Company Accounts

>

Easy

Q149:

10%

12%

9%

6%

Correct Answer

Option 2

Correct Answer

Explanation →

Q150:

22 May Shift 1

Company Accounts

>

Easy

Q150:

A non Private company

Public Company

Private Company

Subsidiary Company

Correct Answer

Option 3

Correct Answer

Explanation →

Q151:

22 May Shift 1

Company Accounts

>

Easy

Q151:

Employee

Enterprise

Environment

Electronic

Correct Answer

Option 1

Correct Answer

Explanation →

Q152:

22 May Shift 1

Company Accounts

>

Easy

Q152:

6%

8%

10%

12%

Correct Answer

Option 3

Correct Answer

Explanation →

Q153:

22 May Shift 1

Company Accounts

>

Easy

Q153:

Non-Profit Making Company

A Private Company

A Public Company

Both Private and Public Company

Correct Answer

Option 3

Correct Answer

Explanation →

Q154:

16 May Shift 1

Company Accounts

>

Easy

Q154:

Subscribed Capital

Issued Capital

Nominal Capital

Reserve Capital

Correct Answer

Option 3

Correct Answer

Explanation →

Q155:

16 May Shift 1

Company Accounts

>

Easy

Q155:

25%

5%

10%

15%

Correct Answer

Option 2

Correct Answer

Explanation →

Q156:

16 May Shift 1

Company Accounts

>

Easy

Q156:

(D), (A), (B), (C)

(A), (D), (B), (C)

(D), (A), (C), (B)

(A), (D), (C), (B)

Correct Answer

Option 1

Correct Answer

Explanation →

Q157:

16 May Shift 1

Company Accounts

>

Easy

Q157:

Current liabilities and provisions

Share Capital

Reserve and surpluses

Unsecured loans

Correct Answer

Option 2

Correct Answer

Explanation →

Q158:

16 May Shift 1

Company Accounts

>

Easy

Q158:

Table A

Table F

Table C

Table E

Correct Answer

Option 1

Correct Answer

Explanation →

Q159:

16 May Shift 1

Company Accounts

>

Medium

Q159:

Capital reserve of ₹ 70,000

Goodwill of ₹ 70,000

Capital reserve of ₹ 20,000

Goodwill of ₹ 20,000

Correct Answer

Option 2

Correct Answer

Explanation →

Q160:

16 May Shift 1

Company Accounts

>

Medium

Q160:

₹ 9,500

₹ 21,000

₹ 17,000

₹ 13,500

Correct Answer

Option 3

Correct Answer

Explanation →

Q161:

16 May Shift 1

Company Accounts

>

Medium

Q161:

₹ 4,00,000

₹ 12,00,000

₹ 10,00,000

₹ 11,00,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q162:

16 May Shift 1

Company Accounts

>

Medium

Q162:

₹ 80

₹ 40

₹ 20

₹ 10

Correct Answer

Option 3

Correct Answer

Explanation →

Q163:

16 May Shift 1

Company Accounts

>

Easy

Q163:

Full subscription

Under subscription

Over subscription

Partial Subscription

Correct Answer

Option 3

Correct Answer

Explanation →

Q164:

16 May Shift 1

Company Accounts

>

Medium

Q164:

₹ 3,00,000

₹ 2,70,000

₹ 2,97,000

₹ 3,03,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q165:

15 May Shift 2

Company Accounts

>

Easy

Q165:

(C), (D), (A), (B)

(C), (B), (A), (D)

(C), (A), (D), (B)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q166:

15 May Shift 2

Company Accounts

>

Easy

Q166:

Registered capital

Subscribed capital

Capital reserve

Reserve capital

Correct Answer

Option 4

Correct Answer

Explanation →

Q167:

15 May Shift 2

Company Accounts

>

Medium

Q167:

(A), (B), (C), (D)

(A), (B), (D), (C)

(C), (B), (A), (D)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q168:

15 May Shift 2

Company Accounts

>

Medium

Q168:

A minimum of 15 days' notice is given to the shareholders to pay the amount

calls must be made on a uniform basis on all shares of all class.

A period of one month must elapse between two calls

The amount of call should not exceed 20% of the face value of the share

Correct Answer

Option 3

Correct Answer

Explanation →

Q169:

15 May Shift 2

Company Accounts

>

Easy

Q169:

20%

25%

30%

15%

Correct Answer

Option 2

Correct Answer

Explanation →

Q170:

15 May Shift 2

Company Accounts

>

Medium

Q170:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (III), (B) - (I), (C) - (II), (D) - (IV)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 3

Correct Answer

Explanation →

Q171:

15 May Shift 2

Company Accounts

>

Medium

Q171:

Shareholder's fund

Reserves and Surplus

Non-current Liabilities

Notes to accounts

Correct Answer

Option 1

Correct Answer

Explanation →

Q172:

15 May Shift 2

Company Accounts

>

Easy

Q172:

Private placement of shares

Employees Stock Option Plan

Issue of bonus shares

Employers contribution to EPFO

Correct Answer

Option 2

Correct Answer

Explanation →

Q173:

15 May Shift 2

Company Accounts

>

Medium

Q173:

will not be mentioned at the time of forfeiture

will be debited at the time of forfeiture

will be credited at the time of forfeiture

will be considered at the time of reissue of shares

Correct Answer

Option 2

Correct Answer

Explanation →

Q174:

15 May Shift 1

Company Accounts

>

Medium

Q174:

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q175:

15 May Shift 1

Company Accounts

>

Medium

Q175:

Rs. 4000

Rs. 4500

Rs. 5500

Rs. 5000

Correct Answer

Option 2

Correct Answer

Explanation →

Q176:

15 May Shift 1

Company Accounts

>

Easy

Q176:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q177:

15 May Shift 1

Company Accounts

>

Easy

Q177:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q178:

15 May Shift 1

Company Accounts

>

Medium

Q178:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q179:

15 May Shift 1

Company Accounts

>

Medium

Q179:

Rs. 1,000

Rs. 2,000

Rs. 3,000

Rs. 4,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q180:

15 May Shift 1

Company Accounts

>

Easy

Q180:

Rs. 2,50,000

Rs. 3,00,000

Rs. 3,50,000

Rs. 450000

Correct Answer

Option 3

Correct Answer

Explanation →

Q181:

15 May Shift 1

Company Accounts

>

Easy

Q181:

Rs. 40,000

Rs. 60,000

Rs. 1,00,000

Rs. 1,20,000

Correct Answer

Option 3

Correct Answer

Explanation →

Q182:

15 May Shift 1

Company Accounts

>

Medium

Q182:

Rs. 500

Rs. 1000

Rs. 2000

Rs. 2500

Correct Answer

Option 4

Correct Answer

Explanation →

Q183:

15 May Shift 1

Company Accounts

>

Medium

Q183:

Rs. 2500

Rs. 3500

Rs. 4500

Rs. 1500

Correct Answer

Option 2

Correct Answer

Explanation →

Q184:

14 May Shift 2

Company Accounts

>

Easy

Q184:

General Reserve

Capital Redemption Reserve

Capital Reserve

Reserve Capital

Correct Answer

Option 3

Correct Answer

Explanation →

Q185:

14 May Shift 2

Company Accounts

>

Easy

Q185:

Rs 20

Rs 24

Rs 40

Rs 48

Correct Answer

Option 1

Correct Answer

Explanation →

Q186:

14 May Shift 2

Company Accounts

>

Easy

Q186:

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q187:

14 May Shift 2

Company Accounts

>

Medium

Q187:

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (II), (B) - (III), (C) - (I), (D) - (IV)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q188:

14 May Shift 2

Company Accounts

>

Easy

Q188:

(C), (D), (A), (B)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 1

Correct Answer

Explanation →

Q189:

14 May Shift 2

Company Accounts

>

Easy

Q189:

A company is formed according to the provisions of Law enforced from time to time.

A company has a separate legal entity which is distinct and separate from its members.

The liability of the members of the company is limited to the extent of unpaid amount of the shares held by them.

The company being an artificial person, can sign its name by itself.

Correct Answer

Option 4

Correct Answer

Explanation →

Q190:

14 May Shift 2

Company Accounts

>

Easy

Q190:

Subscribed capital

Issued Capital

Nominal Capital

Reserve capital

Correct Answer

Option 3

Correct Answer

Explanation →

Q191:

14 May Shift 2

Company Accounts

>

Easy

Q191:

3,600 shares

3,200 shares

3,000 shares

3,800 shares

Correct Answer

Option 3

Correct Answer

Explanation →

Q192:

14 May Shift 1

Company Accounts

>

Easy

Q192:

6% p.a

8% p.a

10% p.a

12% p.a

Correct Answer

Option 3

Correct Answer

Explanation →

Q193:

14 May Shift 1

Company Accounts

>

Medium

Q193:

(A) - (IV), (B) - (I), (C) - (III), (D) - (I)

(A) - (III), (B) - (I), (C) - (II), (D) - (IV)

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 3

Correct Answer

Explanation →

Q194:

14 May Shift 1

Company Accounts

>

Medium

Q194:

(D), (C), (B), (A)

(C), (A), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 1

Correct Answer

Explanation →

Q195:

14 May Shift 1

Company Accounts

>

Easy

Q195:

for non-payment of call money

for failure to attend meetings

for failure to repay the loan to the bank

for which shares are pledged as a security

Correct Answer

Option 1

Correct Answer

Explanation →

Q196:

14 May Shift 1

Company Accounts

>

Easy

Q196:

5,400 shares

4,500 shares

6,000 shares

5,200 shares

Correct Answer

Option 2

Correct Answer

Explanation →

Q197:

14 May Shift 1

Company Accounts

>

Easy

Q197:

(A), (C), (D), (B)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 1

Correct Answer

Explanation →

Q198:

14 May Shift 1

Company Accounts

>

Hard

Q198:

Rs. 6,00,000

Rs. 6,50,000

Rs. 6,86,000

Rs. 7,00,000

Correct Answer

Option 3

Correct Answer

Explanation →

Q199:

14 May Shift 1

Company Accounts

>

Easy

Q199:

650 Shares

750 Shares

700 Shares

800 Shares

Correct Answer

Option 3

Correct Answer

Explanation →

Q200:

14 May Shift 1

Company Accounts

>

Medium

Q200:

Rs. 9,00,000

Rs. 8,82,000

Rs. 8,75,000

Rs. 8,55,000

Correct Answer

Option 4

Correct Answer

Explanation →

Q201:

14 May Shift 1

Company Accounts

>

Easy

Q201:

Bank A/c Dr. 16,00000 To Share Application A/c 16,00000

Bank A/c Dr. 14,00000 To Share Application A/c 14,00000

Bank A/c Dr. 12,00000 To Share Application A/c 12,00000

Bank A/c Dr. 20,00000 To Share Application A/c 20,00000

Correct Answer

Option 1

Correct Answer

Explanation →

Q202:

14 May Shift 1

Company Accounts

>

Medium

Q202:

Rs. 1,00,000

Rs. 2,00,000

Rs. 3,00,000

Rs. 4,00,000

Correct Answer

Option 2

Correct Answer

Explanation →

Q203:

13 May Shift 2

Company Accounts

>

Easy

Q203:

(B), (A), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q204:

13 May Shift 2

Company Accounts

>

Medium

Q204:

(A), (B) and (D) only

(A) and (C) only

(A) and (D) only

(B), (C) and (D) only

Correct Answer

Option Drop

Correct Answer

Explanation →

Q205:

13 May Shift 2

Company Accounts

>

Easy

Q205:

(A) - (II), (B) - (III), (C) - (I), (D) - (IV)

(A) - (III), (B) - (I), (C) - (IV), (D) - (II)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q206:

13 May Shift 1

Company Accounts

>

Easy

Q206:

for non-payment of call money

for failure to attend meetings

for failure to repay the loan to the bank

for which shares are pledged as security

Correct Answer

Option 1

Correct Answer

Explanation →

Q207:

13 May Shift 1

Company Accounts

>

Easy

Q207:

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (III), (B) - (I), (C) - (IV), (D) - (II)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 3

Correct Answer

Explanation →

Q208:

13 May Shift 1

Company Accounts

>

Medium

Q208:

(A), (B) and (D) only.

(A), (B) and (C) only.

(A), (B), (C) and (D).

(B), (C) and (D) only.

Correct Answer

Option 1

Correct Answer

Explanation →

Q209:

13 May Shift 1

Company Accounts

>

Easy

Q209:

that part of authorised share capital which is issued by the company.

that amount of capital which is actually applied for by the prospective shareholders.

the maximum amount of share capital which a company is authorized to issue.

the amount actually paid by the shareholders.

Correct Answer

Option 3

Correct Answer

Explanation →

Q210:

13 May Shift 1

Company Accounts

>

Easy

Q210:

Separate legal entity

Common Seal

Unlimited liability

perpetual succession

Correct Answer

Option 3

Correct Answer

Explanation →

Q211:

13 May Shift 1

Company Accounts

>

Easy

Q211:

(B), (D), (A), (C)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 1

Correct Answer

Explanation →

Q212:

13 May Shift 1

Company Accounts

>

Easy

Q212:

Section 40

Section 41

Section 42

Section 43

Correct Answer

Option 4

Correct Answer

Explanation →

Q213:

CUET Accountancy 2024 Slot 1

Company Accounts

>

Easy

Q213:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 4

Correct Answer

Explanation →

Q214:

CUET Accountancy 2024 Slot 1

Company Accounts

>

Easy

Q214:

number of shares applied for is equal to the number of shares issued

number of shares applied for is more than the number of shares issued

number of shares applied for is less than the number of shares issued

face value of the share is less than the issue price of the share

Correct Answer

Option 2

Correct Answer

Explanation →

Q215:

CUET Accountancy 2024 Slot 1

Company Accounts

>

Medium

Q215:

₹ 15,000

₹ 14,000

₹ 16,000

₹ 13,000

Correct Answer

Option 2

Correct Answer

Explanation →

Q216:

CUET Accountancy 2024 Slot 1

Company Accounts

>

Medium

Q216:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q217:

CUET Accountancy 2024 Slot 1

Company Accounts

>

Hard

Q217:

15%

12%

6%

Prevailing in State Bank of India

Correct Answer

Option 1

Correct Answer

Explanation →

Q218:

CUET Accountancy 2024 Slot 1

Company Accounts

>

Easy

Q218:

Shareholders

Board of Directors

Articles of Association

Memorandum of Association

Correct Answer

Option 3

Correct Answer

Explanation →

Q219:

CUET Accountancy 2024 Slot 1

Company Accounts

>

Easy

Q219:

(C), (B), (A), (D), (E)

(B), (C), (A), (D), (E)

(C), (B), (A), (E), (D)

(B), (C), (A), (E), (D)

Correct Answer

Option 3

Correct Answer

Explanation →

CUET Accountancy Company Accounts > Share Capital PYQs

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