TN State Board Samacheer Kalvi Online Test for 12th Std - Accountancy - English - Company Accounts

Question 1 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 2 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 3 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 4 Of 10

Supreme Ltd. forfeited 100 shares of ₹ 10 each for non-payment of final call of ₹ 2 per share. All these shares were re-issued at ₹ 9 per share. What amount will be transferred to capital reserve account?

₹ 700 ₹ 800 ₹ 900 ₹ 1,000

Question 5 Of 10

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

Liability Assets Both Liability

Question 6 Of 10

A company issued 3,00,000 shares of Rs.10 each to the public but only 1,50,000 shares were subscribed. It’s subscribed capital is

Rs. 30,00,000 Rs. 15,00,000 Rs. 10,00,000 Rs. 25,00,000

Question 7 Of 10

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

Face value Nominal value Paid up amount Called up amount

Question 8 Of 10

A preference share is one

Only (i) is correct Only (ii) is correct Both (i) and (ii) are correct Both (i) and (ii) are incorrect

Question 9 Of 10

When shares are issued for purchase of assets, the amount should be credited to

Vendors A/c Sundry assets A/c Share capital A/c Bank A/c

Question 10 Of 10

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

Under subscription Full subscription Oversubscription Oversubscription

Tamil Nadu State Board ( Samacheer Kalvi ) Online Test based on Book Back Questions - 12th Standard Accountancy - English Medium - Company Accounts

Samacheer Kalvi 12th Accountancy - Company Accounts - Book Back Questions in English Medium