Chapter accounting-for-share-capital: Accounting for Share Capital MCQs | accountancy Class 12 CBSE

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Chapter accounting-for-share-capital: Accounting for Share Capital MCQs | accountancy Class 12 CBSE | ByteNotes.in

MCQ

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Easy

Question 1

Objective

According to Section 2(62) of the Companies Act, 2013, which of the following is the correct definition of a One Person Company?

Choices

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MCQ

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Easy

Question 2

Objective

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

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Easy

Question 3

Objective

The maximum amount of share capital which a company is authorised to issue is called:

Choices

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Easy

Question 4

Objective

Securities Premium Reserve is shown in the Balance Sheet under:

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Easy

Question 5

Objective

A company receives applications for 60,000 shares against an offer of 40,000 shares. This is a case of:

Choices

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Easy

Question 6

Objective

Interest on calls in arrears is charged according to Table F at a rate not exceeding:

Choices

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Easy

Question 7

Objective

Interest on Calls in Advance is payable by the company as per Table F at a rate not exceeding:

Choices

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Medium

Question 8

Objective

When shares are forfeited, the Share Capital Account is debited with:

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Medium

Question 9

Objective

The balance of Share Forfeiture Account after reissue of forfeited shares is transferred to:

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Medium

Question 10

Objective

Calls in Advance received from shareholders is shown in the Balance Sheet under:

Choices

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Medium

Question 11

Objective

According to SEBI guidelines, minimum subscription of capital cannot be less than:

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Medium

Question 12

Objective

The maximum amount of discount allowed on reissue of forfeited shares is:

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Medium

Question 13

Objective

Reserve Capital is:

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Medium

Question 14

Objective

The application money for public issue of shares must be at least:

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Medium

Question 15

Objective

The amount on any single call should not exceed:

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Easy

Question 16

Objective

When shares are issued for consideration other than cash (e.g., for purchase of assets), they are issued as:

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Medium

Question 17

Objective

If a company issues 5,000 equity shares of Rs. 10 each at a premium of Rs. 4, what will be credited to Securities Premium Reserve Account?

Choices

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Easy

Question 18

Objective

A private company can have a maximum number of members (excluding employees) of:

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Hard

Question 19

Objective

Which account is debited when securities premium has not been received and shares are forfeited for non-payment of allotment money?

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Medium

Question 20

Objective

When does allotment of shares result in a valid contract between the company and the applicant?

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Chapter accounting-for-share-capital: Accounting for Share Capital | MCQs

According to Section 2(62) of the Companies Act, 2013, which of the following is the correct definition of a One Person Company?

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

The maximum amount of share capital which a company is authorised to issue is called:

Securities Premium Reserve is shown in the Balance Sheet under:

A company receives applications for 60,000 shares against an offer of 40,000 shares. This is a case of:

Interest on calls in arrears is charged according to Table F at a rate not exceeding:

Interest on Calls in Advance is payable by the company as per Table F at a rate not exceeding:

When shares are forfeited, the Share Capital Account is debited with:

The balance of Share Forfeiture Account after reissue of forfeited shares is transferred to:

Calls in Advance received from shareholders is shown in the Balance Sheet under:

According to SEBI guidelines, minimum subscription of capital cannot be less than:

The maximum amount of discount allowed on reissue of forfeited shares is:

Reserve Capital is:

The application money for public issue of shares must be at least:

The amount on any single call should not exceed:

When shares are issued for consideration other than cash (e.g., for purchase of assets), they are issued as:

If a company issues 5,000 equity shares of Rs. 10 each at a premium of Rs. 4, what will be credited to Securities Premium Reserve Account?

A private company can have a maximum number of members (excluding employees) of:

Which account is debited when securities premium has not been received and shares are forfeited for non-payment of allotment money?

When does allotment of shares result in a valid contract between the company and the applicant?

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