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

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.

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

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

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

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

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.

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

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

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

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

12%

6%

10%

8%

3000 Shares

3500 Shares

3600 Shares

3200 Shares

(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)

Share Capital

Reserve and Surplus

Non-current Liabilities

Current Liabilities

Par

Premium

Discount

Amount higher then its face value.

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.

General reserve

Capital redemption reserve

Capital reserve

Reserve capital

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

Debited to calls in advance account

Credited to calls in advance account

Debited to calls account

Credited to calls account

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

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

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

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

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

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

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

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

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

3600

3200

3000

3800

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

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

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

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

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'

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

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

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

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

Equity Shares can 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

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

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

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

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

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

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

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

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

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.

Nominal Share Capital is a part of Authorized Share Capital

Un-issued Share Capital is a part of Authorized Share Capital

Un-Subscribed Share Capital is a part of Issued Share Capital

Called up Share Capital is a part of Subscribed Share Capital

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

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.

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.

Un-issued Share Capital

Un-subscribed Share Capital

Un-paid Share Capital

Uncalled Share Capital

(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)