CBSE Class 12 Accountancy Accounting for Share Capital Quiz 4

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CBSE › Class 12 › Accountancy › Accounting for Share Capital

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1. Reight shares are the shares, which :

A Are issued to the Direction of the company B Are issued to existing shareholders of the company C Are issued to promoters in consideration of their services D Are issued to the vendors for purchasing assets

2. Total amount of liabilities side includes :

A Authorised Capital B Issued Capital C Subscribed Capital D Paid-up Capital

3. A company issues its shares at premium under which Section of Indian Companies Act, 2013 ?

A 78 B 79 C 52 D 53

4. Shares can be forfeited :

A For failure to attend meetings B For non-payment of call money C For failure to repay the loan to the Bank D For which shares are pledged as a security

5. Shareholders get:

A Interest B Dividend C Commission D Profit

6. According to Table E of the Companies Act, 2013 interest on calls in arrears charged should not exceed :

A 5% p.a. B 6% p.a. C 8%p.a. D 10%p.a.

7. Premium on issue of shares is a :

A Capital Gain B Capital Loss C General Profit D General Loss

8. Premium on issue of shares is shown on which side of the Balance sheet.

A Assets B Liabilities C Both D None of these

9. Share Allotment Account is :

A Personal A/c B Real A/c C Nominal A/c D None of these

10. The portion of the authorised capital which can be called-up only on the liquidation of the company is called:

A Issued Capital B Called-up Capital C Uncalled Capital D Reserve Capital

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