CUET Accountancy: Company AccountsShare Capital. Free, no login required.

The balance of the share forfeiture account is shown in the balance sheet under:

The amount of Securities Premium can be used only for the following purposes:

(A) To write off preliminary expenses.

(B) To make partly paid shares as fully paid up.

(C) To issue fully paid bonus shares.

(D) Purchase of its own shares.

Choose the correct answer from the options given below:

A minimum of ______ days' notice is to be given to the shareholders to pay the amount of any call :-

While issuing shares, the application money should be atleast ______ of face value.

Disclosure of shares (specifying the number of shares held) in a company is required for each shareholder holding _________ shares.

At the time of forfeiture, share capital account is

It is to be noted that 'minimum subscription' of capital cannot be less than ……… of the issued amount according to SEBI Guidelines (Disclosure and Investor Protection)

If a delay occurs beyond 8 days from the date of closure of the subscription list in refunding the amount received due to non-fulfilment of the criteria of minimum subscription, the company shall be liable to pay the amount with interest at the rate of:

There must be an interval of how many months between the making of two calls unless otherwise provided by the articles of association of the company.

Part of the subscribed capital which has been called up on the shares, i.e., what the company has asked the shareholders to pay is known as ……….

Arrange the following steps related to the issue of shares in proper sequence.

(A) Allotment of Shares

(B) Receipt of Applications

(C) Issue of Prospectus

(D) Share calls

Choose the correct answer from the options given below:

Which company must have at least two members?

Which of the following will be credited for the excess amount received along with allotment money from the shareholders?

Which of the following is incorrect about the minimum subscription:

Minimum subscription is the minimum amount that, in the opinion of directors, must be raised to meet the needs of business operations of the company relating to:

In which order, the share capital of the Company is shown on the balance sheet:

(A) Authorized Capital

(B) Subscribed and fully paid up Capital

(C) Issued Capital

(D) Subscribed but not fully paid up

Choose the correct answer from the options given below:

Gupta Ltd. issued 1,000 equity shares of Rs. 100 each as fully paid-up, to the vendor, in consideration of the purchase of plant and machinery worth Rs. 1,00,000. Which of the following entry will be recorded in the company's journal for it?

Which of the following indicates the other name of 'Nominal Capital'?

Which statements are correct about capital reserve:-

(A) It is necessary to create capital reserves out of capital profits, if any.

(B) It cannot be used to issue bonus shares.

(C) It can be used to write off capital losses or to issue bonus shares any time during the lifetime of the company.

(D) It is not shown on the company balance sheet.

Choose the correct answer from the options given below:

Which of the following is not a feature of a company ?

As per Table F, the rate of interest provided on calls in advance can't exceed ...........p.a?

Which of the following company, by its articles, restricts the right to transfer its shares ?

What does 'E' stand for in ESOP?

Interest on calls-in-arrears is charged according to 'Table F' at the rate of .......p.a? :

Which company doesn't restricts the right to transfer its shares?

What is the other name of registered capital?

While issuing the share capital for public subscription, the application money should be at least _____ % of the face value of the share.

Arrnge the following in proper order:

(A) Issued Capital

(B) Subscribed and fully paid

(C) Subscribed and not fully paid

(D) Authorised capital

Choose the correct answer from the options given below:

Balance of share forfeiture account is shown in the balance sheet under which item :

When a company does not have its own articles of association, provisions of which table will apply:

Steel and Company purchased a machine from Safe Machine Limited for Rs. 4,80,000 and took over its liabilities of Rs. 3,00,000. As per the purchase agreement, Rs. 50,000 was paid in cash and balance by the issue of 2000 shares of Rs.100 each. What will be the amount of goodwill/capital reserve?