A company invited application for subscription of 5000 shares. The application were received for 6000 shares. The share were allotted on pro-rata bases. If Shyam applied for 180 shares, how many shares would be allotted to him?
A Ltd. acquired, assets worth Rs. 15,00,000 form H Ltd. by issued of shares of Rs. 100 @ premium of 25%. The number of shares issued to settle the purchase consideration will be:
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According to Company Act, 1956, Balance sheet of a company is prepared as per
When shares are issued to promoters which account should be debited:
Balance amount in the share forfeiture would be shown in the balance sheet under the head of ____________.
500 shares of Rs. 20 each issued at 5% discount are forfeited for non-payment of allotment and final call money @ Rs. 9 and Rs. 5 respectively. Amount credited to Share forfeiture A/c is:
Premium received on issue of shares are shown under the head ______ in Balance Sheet :
The part of share capital which can be called up only on the winding up of a company is called:
As per the Companies Act only preference shares, which are redeemable within ______ can be issued:
E Ltd. has allotted 10,000 shares to the applicants of 14,000 shares on pro-rata basis. The amount payable on application is Rs. 2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment due from F:
Equity – Rs. 90,000, Liability – Rs. 60,000 Profit of the year – Rs. 20,000, Find Total Assets
The rate of interest paid on calls in advance as per table A is :
G Ltd. acquired assets worth Rs. 75,000 from H Ltd. by issue of share of Rs. 10 at a premium of Rs. 5. The number of shares to be issued by G Ltd. to settle the purchase consideration:
“Proposed dividends” is shown in the Balance sheet of a Company under the head:
Equity shareholders have a right to:
J Ltd. reissued 2,000 shares which were forfeited by crediting share forfeiture account by Rs. 3,000. These shares were reissued at Rs. 9 Per share. The amount transferred to Capital Reserve will be:
A Company forfeited 2,000 shares of Rs. 10 each (which, were issued at par) held by A for non payment of allotment money of Rs. 4 per share. The called up value per share was Rs. 9. On forfeiture, the amount debited to share capital is:
The long term assets that have no physical existence but are rights that have value is known as
The following information pertains to X Ltd.:
(i) Equity Share capital called up Rs. 5,00,000
(ii) Calls in arrear Rs. 40,000
(iii) Call in advance Rs. 25,000
(iv) Proposed dividend 15%
The amount of dividend payable is:
Equity shareholders are ________of a company
The amount received over and above the par value is credited to which account?
A ________ is an artificial person created by law with a perpetual succession and a common seal
If vendors are issued fully paid shares of Rs. 1,00,000 in consideration of net assets of Rs. 1,20,000, the balance of Rs. 20,000 will be credited to:
Securities Premiums Account is shown in the balance sheet under
The directors of a company forfeited 1000 shares of Rs. 10 each, Rs. 7.50 paid up, for non payment of final call money of Rs. 2.50 per share. 700 of these shares are re-issued @ Rs. 7/- per share. The amount transferred to capital reserve A/c would be:
The amount of capital that is mentioned in capital clause is know as:
The Reserve which is created for a particular purpose and which is a charge against revenue is called
ABC Ltd. forfeited 20 shares of Rs. 10 each, Rs. 8 called up, on which X paid application and allotment money of Rs. 2 and Rs. 3 respectively. These shares were re-issued to Y at Rs. 6 fully paid. What was the balance in share forfeiture account before shares were re-issued?
41 videos|168 docs|43 tests
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41 videos|168 docs|43 tests
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