TN State Board Samacheer Kalvi Online Test for 11th Std - Accountancy - English - Company Accounts

Question 1 Of 10

That part of share capital which can be called up only on the winding up of a company is called:

Authorised capital Called up capital Capital reserve Reserve capital

Question 2 Of 10

At the time of forfeiture, share capital account is debited with

Face value Nominal value Paid up amount Called up amount

Question 3 Of 10

When more applications are received than that are offered to the public it is called.

Under subscription Full subscription Oversubscription Oversubscription

Question 4 Of 10

After the forfeited shares are reissued, the balance in the forfeited shares account should be transferred to

General reserve account Capital reserve account Securities premium account Surplus account

Question 5 Of 10

A company issued 50,000 shares of Rs. 10 each at a premium of Rs. 2 each …………… is the securities premium amount

Rs. 50,000 Rs. 1,00,000 Rs. 1,50,000 Rs. 1,10,000

Question 6 Of 10

Calls-in-arrears are shown in the B/s as

Deduction from called up capital Addition to paid-up capital Addition to issued capital Deduction from called up capital

Question 7 Of 10

The directors of a company forfeited 100 shares of Rs.10 each on which the final call, money of Rs.3 was not paid Later these shares were reissued of Rs.800 capital reserve will be

Rs. 700 Rs.500 Rs. 500 Rs.500

Question 8 Of 10

The balance of forfeited shares A/c is ……………. is in the B/s

Added to paid-up capital Added to the authorized capital deducted from paid to capital Added to paid-up capital

Question 9 Of 10

The amount received over and above the par value is credited to

Securities premium account Calls in advance account Share capital account Forfeited shares account

Question 10 Of 10

Captial reserve is shown on the ………….. ride of the B/s

Liability Assets Both Liability

Tamil Nadu State Board ( Samacheer Kalvi ) Online Test based on Book Back Questions - 11th Standard Accountancy - English Medium - Company Accounts

Samacheer Kalvi 11th Accountancy - Company Accounts - Book Back Questions in English Medium