CBSEClass 12AccountancyAccounting for Share Capital
local_fire_department 1/5
schedule 0:00

1. 10,000 equity shares of 10 Rs. each were issued to public at a premium of ₹ 2 per share payable on allotment. Applications were received for ₹ 12,000 shares. Amount of securities premium account will be :

2. A Ltd. purchased a machinery for 1,80,000 Rs. for which it is paying by issue of shares of 100 Rs. each at 20% premium. How many shares will be issued as consideration. ?

3. Right Shares are issued to :

4. A company is registered with a share capital of ₹ 1,00,000 Rs. divided into ₹ 10,000 shares of ₹ 10 each. Of these shares 9,990 shares are held by Rajeev and 10 Shares are held by Sanjay. In the eye of law it is treated as:

5. Which of the following should be deducted from the called-up capital to find out paid-up capital:

Practice more on Accounting for Share Capital
Quiz 1Quiz 2Quiz 3Quiz 4Quiz 5Quiz 6