Accounting for Share Capital

CBSE Class 12 Accountancy · every board question from this chapter, 2023–2026

• 6,000 shares of 25 each were forfeited for non-payment of final T call money of 5 per share. The maximum discount that the i…2026
• Sakshi Ltd. forfeited 500 equity shares of ₹ 10 each, issued at a premium of ₹ 2 per share for non-payment of second and final…2026
• Hira Ltd. invited applications for issuing 2,00,000 equity shares of ₹ 10 each at a premium of 10%. The whole amount was payable…2026
• If 600 shares of ₹ 10 each, issued at a premium of ₹ 1 per share are forfeited on which ₹ 8 per share (including premium) have…2026
• As per Companies Act 2013, the balance in Securities Premium Account cannot be utilized for: OR When the company issues shares at…2026
• At the time of forfeiture of shares, 'Share Capital Account' is debited with:2026
• Merak Ltd. forfeited 6,000 equity shares of T 10 each for non-payment of final call of 3 per share. The minimum amount per share…2026
• As per Companies Act 2013, the balance in Securities Premium Account cannot be utilized for: OR When the company issues shares at…2026
• Paramount Ltd. forfeited 2,000 equity shares of 100 each, 80 t called up, issued at a premium of 10%, for non-payment of first…2026
• 6,000 shares of 25 each were forfeited for non-payment of final T call money of 5 per share. The maximum discount that the T…2026
• At the time of forfeiture of shares, 'Share Capital Account' is debited with:2026
• Reserve capital is that portion of the capital that can be called only in the event of winding up of the company. OR The…2026
• Surya Ltd. issued 50,000 equity shares of ₹ 10 each. The amount was payable as follows: on Application - ₹ 3 per share on…2026
• Hira Ltd. invited applications for issuing 2,00,000 equity shares of ₹ 10 each at a premium of 10%. The whole amount was payable…2026
• Sakshi Ltd. forfeited 500 equity shares of ₹ 10 each, issued at a premium of ₹ 2 per share for non-payment of second and final…2026
• Surya Ltd. issued 50,000 equity shares of ₹ 10 each. The amount was payable as follows: on Application - ₹ 3 per share on…2026
• Reserve capital is that portion of the capital that can be called only in the event of winding up of the company. OR The…2026
• If 600 shares of ₹ 10 each, issued at a premium of ₹ 1 per share are forfeited on which ₹ 8 per share (including premium) have…2026
• Paramount Ltd. forfeited 2,000 equity shares of 100 each, 80 T f called up, issued at a premium of 10%, for non-payment of first…2026
• As per Companies Act 2013, the balance in Securities Premium Account cannot be utilized for: OR When the company issues shares at…2026
• 6,000 shares of 25 each were forfeited for non-payment of final T call money of 5 per share. The maximum discount that the T…2026
• Merak Ltd. forfeited 6,000 equity shares of T 10 each for non-payment of final call of 3 per share. The minimum amount per share…2026
• Sakshi Ltd. forfeited 500 equity shares of ₹ 10 each, issued at a premium of ₹ 2 per share for non-payment of second and final…2026
• If 600 shares of ₹ 10 each, issued at a premium of ₹ 1 per share are forfeited on which ₹ 8 per share (including premium) have…2026
• Surya Ltd. issued 50,000 equity shares of ₹ 10 each. The amount was payable as follows: on Application - ₹ 3 per share on…2026
• Reserve capital is that portion of the capital that can be called only in the event of winding up of the company. OR The…2026
• Hira Ltd. invited applications for issuing 2,00,000 equity shares of ₹ 10 each at a premium of 10%. The whole amount was payable…2026
• At the time of forfeiture of shares, 'Share Capital Account' is debited with:2026
• Paramount Ltd. forfeited 2,000 equity shares of 100 each, 80 T T called up, issued at a premium of 10%, for non-payment of first…2026
• Merak Ltd. forfeited 6,000 equity shares of T 10 each for non-payment of final call of 3 per share. The minimum amount per share…2026
• Raunak Cotton Ltd. purchased machinery of ₹ 6,80,000 from Heavy Machines Ltd. The Payment to Heavy Machines Ltd. was made by…2026
• Raunak Cotton Ltd. purchased machinery of ₹ 6,80,000 from Heavy Machines Ltd. The Payment to Heavy Machines Ltd. was made by…2026
• Century Ltd. forfeited 5,000 shares of 100 each issued at 40% T premium for non-payment of allotment money of T 35 per share and…2026
• Century Ltd. forfeited 5,000 shares of 100 each issued at 40% T premium for non-payment of allotment money of T 35 per share and…2026
• Raunak Cotton Ltd. purchased machinery of ₹ 6,80,000 from Heavy Machines Ltd. The Payment to Heavy Machines Ltd. was made by…2026
• Century Ltd. forfeited 5,000 shares of 100 each issued at 40% t premium for non-payment of allotment money of T 35 per share and…2026
• Ajanta Ltd. invited applications for issuing 30,000 equity shares of T 10 each at a premium of 5 per share. The amount was…2026
• T 23. Diwan Ltd. was registered with an authorised capital of 1,00,00,000, divided into 1,00,000 equity shares of 100 each. The…2026
• Astha Ltd. invited applications for issuing 1,00,000 equity shares of 10 each. The amount per share was payable as follows: T 2…2026
• Rad fey Ltd. has an authorized capital of ₹ 50,00,000 divided into equity shares of ₹ 100 each. The company invited applications…2026
• Shanta Ltd. has an authorized capital of ₹ 30,00,000 divided into equity shares of ₹ 100 each. The company invited applications…2026
• Suvasita Ltd. has an authorized capital of ₹ 40,00,000 divided into equity shares of ₹ 100 each. The company invited applications…2026
• Bright Motors Ltd. was registered with an authorised capital of s 10,00,00,000 divided into equity shares of 2 100 each. The…2026
• Madhav Ltd. invited applications for issuing 4,00,000 equity shares of 10 each at a premium of 4 per share. The amount was T T…2026
• Maya Ltd. was registered with an authorised capital of ₹ 30,00,000 divided into shares of 10 each. On 1 T st April, 2025, the…2026
• Ajanta Ltd. invited applications for issuing 30,000 equity shares of T 10 each at a premium of 5 per share. The amount was…2026
• Astha Ltd. invited applications for issuing 1,00,000 equity shares of 10 each. The amount per share was payable as follows: T 2…2026
• Astha Ltd. was registered with an authorised capital of ₹ 20,00,000 divided into shares of 10 each. On 1 T st April, 2025, the…2026
• Dharma Ltd. was registered with an authorised capital of ₹ 30,00,000 divided into 3,00,000 equity shares of ₹ 10 each. The amount…2026
• Generic Pharma Ltd. invited applications for using 3,00,000 equity shares of ₹ 10 each at a premium of ₹ 6 per share. The amount…2026
• Promil, Kamlesh and Ritika were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. From 1st April, 2025 they…2026
• Diksha Ltd. was registered with an authorised capital of ₹ 40,00,000 divided into shares of 10 each. On 1st April, 2025, the…2026
• Bright Motors Ltd. was registered with an authorised capital of ₹ 10,00,00,000 divided into equity shares of T 100 each. The…2026
• Dharma Ltd. was registered with an authorised capital of ₹ 30,00,000 divided into 3,00,000 equity shares of ₹ 10 each. The amount…2026
• Bright Motors Ltd. was registered with an authorised capital of 10,00,00,000 divided into equity shares of 100 each. The company…2026
• Madhav Ltd. invited applications for issuing 4,00,000 equity shares of 10 each at a premium of 4 per share. The amount was T…2026
• Pass necessary journal entries for forfeiture and reissue of forfeited shares in the following cases: (i) Sanya Ltd. forfeited…2026
• Pass necessary journal entries for forfeiture and reissue of forfeited shares in the following cases: (i) Sanya Ltd. forfeited…2026
• Diwan Ltd. was registered with an authorised capital of ₹ 1,00,00,000, divided into 1,00,000 equity shares of T 100 each. The…2026
• Ajanta Ltd. invited applications for issuing 30,000 equity shares of T 10 each at a premium of 5 per share. The amount was…2026
• Astha Ltd. invited applications for issuing 1,00,000 equity shares of 10 each. The amount per share was payable as follows: T 2…2026
• Generic Pharma Ltd. invited applications for using 3,00,000 equity shares of ₹ 10 each at a premium of ₹ 6 per share. The amount…2026
• Madhav Ltd. invited applications for issuing 4,00,000 equity shares of 10 each at a premium of 4 per share. The amount was T T…2026
• Diwan Ltd. was registered with an authorised capital of ₹ 1,00,00,000, divided into 1,00,000 equity shares of T 100 each. The…2026
• Dharma Ltd. was registered with an authorised capital of ₹ 30,00,000 divided into 3,00,000 equity shares of ₹ 10 each. The amount…2026
• Pass necessary journal entries for forfeiture and reissue of forfeited shares in the following cases: (i) Sanya Ltd. forfeited…2026
• Generic Pharma Ltd. invited applications for using 3,00,000 equity shares of ₹ 10 each at a premium of ₹ 6 per share. The amount…2026
• Money received in advance from the shareholders before it is actually called up by the directors is:2025
• The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as:2025
• Ajay Ltd. forfeited 100 shares of ₹ 10 each for non-payment of first call of ₹ 1 per share and second and final call of ₹ 3 per…2025
• 'Reserve Capital' can be utilised: OR An offer of securities or invitation to subscribe securities to a select group of persons…2025
• VL Ltd. offered for public subscription 90,000 equity shares of 5 10 each at a premium of 10%. The entire amount was payable on…2025
• X Ltd. invited applications for issuing 90,000 equity shares of 100 each. 2 The amount per share was payable as follows: On…2025
• X Ltd. invited applications for issuing 90,000 equity shares of 100 each. 2 The amount per share was payable as follows: On…2025
• Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public…2025
• Diksha Ltd. invited applications for issuing 1,00,000 equity shares of 10 2 each at a premium of 10%. The whole amount was…2025
• A portion of the uncalled capital reserved by a company to be called only in the event of winding up of the company, is called:…2025
• Java Ltd. forfeited 600 equity shares of 100 each f 80 called up for the non-payment of first call of 20 per share. These shares…2025
• Manas Ltd. forfeited 600 shares of 10 each for the non-payment of first call of T 2 per share. The final call of T 3 per share…2025
• X Ltd. forfeited 100 shares of T 100 each for non-payment of the allotment money of 15 per share (including premium 5). The first…2025
• Money received in advance from the shareholders before it is actually called up by the directors is:2025
• Jeeta Ltd. forfeited 300 shares of 100 each for the non-payment? of final call of 2 10 per share. The amount credited to share…2025
• 4,000 shares of ₹ 10 each were forfeited for non-payment of second and final call money of ₹ 2 per share. The minimum amount that…2025
• VL Ltd. offered for public subscription 90,000 equity shares of ₹ 10 each at a premium of 10%. The entire amount was payable on…2025
• Manas Ltd. forfeited 600 shares of 10 each for the non-payment of first call of T 2 per share. The final call of T 3 per share…2025
• Diksha Ltd. invited applications for issuing 1,00,000 equity shares of 10 2 each at a premium of 10%. The whole amount was…2025
• Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public…2025
• A portion of the uncalled capital reserved by a company to be called only in the event of winding up of the company, is called:…2025
• Ajay Ltd. forfeited 100 shares of ₹ 10 each for non-payment of first call of ₹ 1 per share and second and final call of ₹ 3 per…2025
• 'Reserve Capital' can be utilised: OR An offer of securities or invitation to subscribe securities to a select group of persons…2025
• Jeeta Ltd. forfeited 300 shares of 100 each for the non-payment? of final call of 2 10 per share. The amount credited to share…2025
• Diksha Ltd. invited applications for issuing 1,00,000 equity shares of 10 Q each at a premium of 10%. The whole amount was…2025
• Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public…2025
• The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as:2025
• Money received in advance from the shareholders before it is actually called up by the directors is:2025
• 'Reserve Capital' can be utilised: OR An offer of securities or invitation to subscribe securities to a select group of persons…2025
• Ajay Ltd. forfeited 100 shares of ₹ 10 each for non-payment of first call of ₹ 1 per share and second and final call of ₹ 3 per…2025
• Java Ltd. forfeited 600 equity shares of 100 each 80 called up for the non-payment of first call of T 20 per share. These shares…2025
• That portion of the called-up capital which has been actually received from the shareholders is called:2025
• Jeeta Ltd. forfeited 300 shares of 100 each for the non-payment 3 of final call of 2 10 per share. The amount credited to share…2025
• X Ltd. forfeited 100 shares of T 100 each for non-payment of the allotment money of 15 per share (including premium 5). The first…2025
• 4,000 shares of ₹ 10 each were forfeited for non-payment of second and final call money of ₹ 2 per share. The minimum amount that…2025
• Manas Ltd. forfeited 600 shares of 10 each for the non-payment of first call of % 2 per share. The final call of T 3 per share…2025
• The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as OR According to…2025
• SQ Ltd. forfeited 300 shares of T 10 each. The amount forfeited was 2,700. What will be the maximum discount per share at which…2025
• Java Ltd. forfeited 600 equity shares of f 100 each T 80 called up for the non-payment of first call of 20 per share. These…2025
• LN Ltd. forfeited 200 shares of T 10 each. The amount forfeited was ₹ 1,400. What will be the maximum amount of discount per…2025
• MK Ltd. forfeited 100 shares of f 10 each. The amount forfeited was 800. The maximum discount per share at which these shares may…2025
• X Ltd. invited applications for issuing 90,000 equity shares of 100 each. 2 The amount per share was payable as follows: On…2025
• The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as OR According to…2025
• A portion of the uncalled capital reserved by a company to be called only in the event of winding up of the company, is called:…2025
• That portion of the called-up capital which has been actually received from the shareholders is called:2025
• VL Ltd. offered for public subscription 90,000 equity shares of ₹ 10 each at a premium of 10%. The entire amount was payable on…2025
• The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as OR According to…2025
• That portion of the called-up capital which has been actually received from the shareholders is called:2025
• X Ltd. forfeited 100 shares of T 100 each for non-payment of the allotment money of 15 per share (including premium 5). The first…2025
• 4,000 shares of ₹ 10 each were forfeited for non-payment of second and final call money of ₹ 2 per share. The minimum amount that…2025
• The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as:2025
• PR Ltd. forfeited 10,000 equity shares of 10 each issued at a premium of 4 per share for non-payment of first call of 3 per…2025
• JK Ltd. forfeited 6,000 equity shares of 10 each issued at a premium of 2 per share for the non-payment of first call of 2 per…2025
• Poonam Ltd. forfeited 2,00,000 equity shares of T 10 each issued at a premium of t 5 per share for the non - payment of the first…2025
• DDG Ltd. invited applications for issuing 75,000 equity shares of 75 each at a premium of 25 per share. The amount was payable as…2025
• Mayank Ltd. invited applications for issuing 70,000 equity shares of t 100 each. The amount was payable as follows: On…2025
• PL Ltd. was registered with an authorised capital of ₹ 10,00,000 divided into 1,00,000 equity shares of ₹ 10 each. The company…2025
• The following information has been obtained from the Balance Sheet of Jay Ltd. as at 31st March, 2024: Balance Sheet of Jay Ltd.…2025
• LK Ltd. was registered with an authorised capital of ₹ 15,00,000 divided into 1,50,000 equity shares of ₹ 10 each. The company…2025
• Radhika Ltd. invited applications for issuing 40,000 equity shares of 100 each at a premium of i 50 per share. The amount was…2025
• Radhika Ltd. invited applications for issuing 40,000 equity shares of T 100 each at a premium of T 50 per share. The amount was…2025
• MK Ltd. was registered with an authorised capital of ₹ 9,00,000 divided into 90,000 equity shares of ₹ 10 each. The company…2025
• Alexia Limited invited applications for issuing 1,00,000 equity shares of ₹ 10 each at premium of ₹ 10 per share. The amount was…2025
• The following information has been obtained from the Balance Sheet of Jay Ltd. as at 31st March, 2024: Balance Sheet of Jay Ltd.…2025
• Following is the extract of the Balance Sheet of Vikalp Ltd. as per Schedule-III, Part-I of Companies Act as at 31st March, 2024…2025
• Mayank Ltd. invited applications for issuing 70,000 equity shares of t 100 each. The amount was payable as follows: On…2025
• DDG Ltd. invited applications for issuing 75,000 equity shares of T 75 each at a premium of 25 per share. The amount was payable…2025
• Centurian Ltd. invited applications for issuing 2,00,000 equity shares of 10 each at a premium of 20 per share. The amount 3 2…2025
• Following is the extract of the Balance Sheet of Sankalp Ltd. as per Schedule III, Part I of the Companies Act, 2013 as at 31st…2025
• Radhika Ltd. invited applications for issuing 40,000 equity shares of T 100 each at a premium of t 50 per share. The amount was…2025
• Mayank Ltd. invited applications for issuing 70,000 equity shares of f 100 each. The amount was payable as follows: On…2025
• Centurian Ltd. invited applications for issuing 2,00,000 equity shares of 10 each at a premium of 20 per share. The amount 3 2…2025
• Altima Ltd. invited applications for issuing 2,00,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share. The amount was…2025
• Following is the extract of the Balance Sheet of Vikalp Ltd. as per Schedule-III, Part-I of Companies Act as at 31st March, 2024…2025
• Following is the extract of the Balance Sheet of Sankalp Ltd. as per Schedule III, Part I of the Companies Act, 2013 as at 31st…2025
• Alexia Limited invited applications for issuing 1,00,000 equity shares of ₹ 10 each at premium of ₹ 10 per share. The amount was…2025
• Altima Ltd. invited applications for issuing 2,00,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share. The amount was…2025
• Neera Ltd. is registered with an authorised capital of 2,00,00,000 divided into equity shares of t 10 each. The company invited…2025
• Altima Ltd. invited applications for issuing 2,00,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share. The amount was…2025
• Meera Ltd. is registered with an authorised capital of 1,00,00,000 divided into equity shares of 10 each. The company invited…2025
• Centurian Ltd. invited applications for issuing 2,00,000 equity shares of 10 each at a premium of 20 per share. The amount 3 2…2025
• DDG Ltd. invited applications for issuing 75,000 equity shares of t 75 each at a premium of 25 per share. The amount was payable…2025
• Following is the extract of the Balance Sheet of Sankalp Ltd. as per Schedule III, Part I of the Companies Act, 2013 as at 31st…2025
• ABC Ltd. was registered with authorised capital of ₹ 1,00,00,000 divided into 10,00,000 equity shares of t 10 each. On 1st April,…2025
• ABC Ltd. was registered with authorised capital of ₹ 1,00,00,000 divided into 10,00,000 equity shares of T 10 each. On 1st April,…2025
• The following information has been obtained from the Balance Sheet of Jay Ltd. as at 31st March, 2024: Balance Sheet of Jay Ltd.…2025
• ABC Ltd. was registered with authorised capital of ₹ 1,00,00,000 divided into 10,00,000 equity shares of t 10 each. On 1st April,…2025
• Meetu Ltd. is registered with an authorised capital of 1,00,00,000 divided into equity shares of 10 each. The company invited…2025
• Alexia Limited invited applications for issuing 1,00,000 equity shares of ₹ 10 each at remit of ₹ 10 per share. The amount was…2025
• Following is the extract of the Balance Sheet of Vikalp Ltd. as per Schedule-III, Part-I of Companies Act as at 31st March, 2024…2025
• If a share of ₹ 100 on which ₹ 70 has been paid is forfeited, then at which minimum price can it be re-issued? OR If a share of ₹…2024
• Assertion: When the shares are forfeited, share capital account is debited with the amount called up and credited to (i)…2024
• Alfa Ltd. offered for public subscription 50,000 equity shares of ₹ 10 each at ₹ 110 per share. The entire amount was payable on…2024
• If vendors are issued fully paid shares of ₹ 1,25,000 in purchase consideration of net assets of ₹ 1,50,000, the balance of ₹…2024
• Money received in advance from shareholders before it is actually called up by the directors is: OR An offer of securities or…2024
• Lexa Ltd. issued 50,000 equity shares of ₹ 10 each at a premium of ₹ 2 per share. The amount was payable as follows: On…2024
• Kew al Ltd. purchased sundry assets from Ganpati Ltd. for ₹ 28,60,000. The amount was paid by issuing fully paid shares of ₹ 100…2024
• Minimum subscription for allotment of shares as per Securities and Exchange Board of India (SEBI) guidelines cannot be less than…2024
• Assertion: Securities Premium cannot be utilized for writing off loss on sale of a fixed asset. Reason (R): Securities Premium…2024
• Kew al Ltd. purchased sundry assets from Ganpati Ltd. for ₹ 28,60,000. The amount was paid by issuing fully paid shares of ₹ 100…2024
• If all the forfeited shares are reissued, the balance, if any, left in the Forfeited Shares Account is transferred to: OR Raghav…2024
• Alfa Ltd. offered for public subscription 50,000 equity shares of ₹ 10 each at ₹ 110 per share. The entire amount was payable on…2024
• Xeno Ltd. issued 25,000 equity shares of ₹ 10 each. The amount was payable as follows: On Application ₹ 4 per share On Allotment…2024
• KLB Ltd. forfeited 3,000 shares of 10 each, ₹ 8 per share called up for non-payment of first call of ₹ 2 per share. All these…2024
• Nominal/Authorised share capital is: OR The debentures which do not have a specific charge on the assets of the company are…2024
• Lexa Ltd. issued 50,000 equity shares of ₹ 10 each at a premium of ₹ 2 per share. The amount was payable as follows: On…2024
• Sarita Ltd. forfeited 100 shares of ₹ 10 each, ₹ 8 called up issued at a premium of ₹ 2 per share to Ramesh for non-payment of…2024
• If vendors are issued fully paid shares of ₹ 1,25,000 in purchase consideration of net assets of ₹ 1,50,000, the balance of ₹…2024
• Vishant Ltd. invited applications for issuing 6,000 equity shares of ₹ 10 each at 10% premium. The issue was fully subscribed.…2024
• Vishant Ltd. invited applications for issuing 6,000 equity shares of ₹ 10 each at 10% premium. The issue was fully subscribed.…2024
• Minimum subscription for allotment of shares as per Securities and Exchange Board of India (SEBI) guidelines cannot be less than…2024
• Alfa Ltd. invited applications for 50,000 equity shares of ₹ 10 each at a premium of 30%. The whole amount was payable on…2024
• As per the provisions of Companies Act, 2013 Securities Premium cannot be utilized for:2024
• As per the provisions of Companies Act, 2013 Securities Premium cannot be utilized for 12024
• Assertion: When the shares are forfeited, share capital account is debited with the amount called up and credited to (i)…2024
• KLB Ltd. forfeited 3,000 shares of 10 each, ₹ 8 per share called up for non-payment of first call of ₹ 2 per share. All these…2024
• Vishant Ltd. invited applications for issuing 6,000 equity shares of ₹ 10 each at 10% premium. The issue was fully subscribed.…2024
• Assertion: Securities Premium cannot be utilized for writing off loss on sale of a fixed asset. Reason (R): Securities Premium…2024
• Nominal/Authorised share capital is: OR The debentures which do not have a specific charge on the assets of the company are…2024
• If a share of ₹ 100 on which ₹ 70 has been paid is forfeited, then at which minimum price can it be re-issued? OR If a share of ₹…2024
• Alfa Ltd. offered for public subscription 50,000 equity shares of ₹ 10 each at ₹ 110 per share. The entire amount was payable on…2024
• If a share of ₹ 100 on which ₹ 70 has been paid is forfeited, then at which minimum price can it be re-issued? OR If a share of ₹…2024
• Alfa Ltd. invited applications for 50,000 equity shares of ₹ 10 each at a premium of 30%. The whole amount was payable on…2024
• Sarita Ltd. forfeited 100 shares of ₹ 10 each, ₹ 8 called up issued at a premium of ₹ 2 per share to Ramesh for non-payment of…2024
• Assertion: Securities Premium cannot be utilized for writing off loss on sale of a fixed asset. Reason (R): Securities Premium…2024
• Assertion: When the shares are forfeited, share capital account is debited with the amount called up and credited to (i)…2024
• Reserve capital is that part of capital which cannot be called except at the time of winding up of the company.2024
• A share of ₹ 100 on which ₹ 80 is received is forfeited for non-payment of final call of ₹ 20. The minimum price at which this…2024
• Lexa Ltd. issued 50,000 equity shares of ₹ 10 each at a premium of ₹ 2 per share. The amount was payable as follows: On…2024
• Xeno Ltd. issued 25,000 equity shares of ₹ 10 each. The amount was payable as follows: On Application ₹ 4 per share On Allotment…2024
• Kew al Ltd. purchased sundry assets from Ganpati Ltd. for ₹ 28,60,000. The amount was paid by issuing fully paid shares of ₹ 100…2024
• Minimum subscription for allotment of shares as per Securities and Exchange Board of India (SEBI) guidelines cannot be less than…2024
• Nominal/Authorised share capital is: OR The debentures which do not have a specific charge on the assets of the company are…2024
• Reserve capital is that part of capital which cannot be called except at the time of winding up of the company.2024
• Alfa Ltd. invited applications for 50,000 equity shares of ₹ 10 each at a premium of 30%. The whole amount was payable on…2024
• KLB Ltd. forfeited 3,000 shares of 10 each, ₹ 8 per share called up for non-payment of first call of ₹ 2 per share. All these…2024
• Money received in advance from shareholders before it is actually called up by the directors is: OR An offer of securities or…2024
• A share of ₹ 100 on which ₹ 80 is received is forfeited for non-payment of final call of ₹ 20. The minimum price at which this…2024
• Sarita Ltd. forfeited 100 shares of ₹ 10 each, ₹ 8 called up issued at a premium of ₹ 2 per share to Ramesh for non-payment of…2024
• Xeno Ltd. issued 25,000 equity shares of ₹ 10 each. The amount was payable as follows: On Application ₹ 4 per share On Allotment…2024
• Reserve capital is that part of capital which cannot be called except at the time of winding up of the company.2024
• A share of ₹ 100 on which ₹ 80 is received is forfeited for non-payment of final call of ₹ 20. The minimum price at which this…2024
• As per the provisions of Companies Act, 2013 Securities Premium cannot be utilized for:2024
• If all the forfeited shares are reissued, the balance, if any, left in the Forfeited Shares Account is transferred to: OR Raghav…2024
• Money received in advance from shareholders before it is actually called up by the directors is: OR An offer of securities or…2024
• If vendors are issued fully paid shares of ₹ 1,25,000 in purchase consideration of net assets of ₹ 1,50,000, the balance of ₹…2024
• If all the forfeited shares are reissued, the balance, if any, left in the Forfeited Shares Account is transferred to: OR Raghav…2024
• Chavi Ltd. purchased machinery from Neo Ltd. It was agreed that the purchase consideration will be paid by issuing 10,000 equity…2024
• Chavi Ltd. purchased machinery from Neo Ltd. It was agreed that the purchase consideration will be paid by issuing 10,000 equity…2024
• Chavi Ltd. purchased machinery from Neo Ltd. It was agreed that the purchase consideration will be paid by issuing 10,000 equity…2024
• Shivalik Limited was registered with an authorized capital of ₹ 10,00,000 divided into equity shares of ₹ 10 each. It offered…2024
• Ron it Ltd. was registered with an authorised capital of ₹ 75,00,000 divided into 75,000 equity shares of ₹ 100 each. The company…2024
• Shri Ganga Ltd. was registered with an authorised capital of ₹ 7,00,000 divided into equity shares of ₹ 10 each. It offered to…2024
• On 1st April 2023, Khyati Ltd. was formed with an authorised capital of ₹ 20,00,000 divided into 2,00,000 equity shares of ₹ 10…2024
• RR Ltd. was registered with an authorised capital of ₹ 8,00,000 divided into 80,000 equity shares of ₹ 10 each. The company…2024
• Ron it Ltd. was registered with an authorised capital of ₹ 75,00,000 divided into 75,000 equity shares of ₹ 100 each. The company…2024
• Shri Ganga Ltd. was registered with an authorised capital of ₹ 7,00,000 divided into equity shares of ₹ 10 each. It offered to…2024
• Shivalik Limited was registered with an authorized capital of ₹ 10,00,000 divided into equity shares of ₹ 10 each. It offered…2024
• RR Ltd. was registered with an authorised capital of ₹ 8,00,000 divided into 80,000 equity shares of ₹ 10 each. The company…2024
• RR Ltd. was registered with an authorised capital of ₹ 8,00,000 divided into 80,000 equity shares of ₹ 10 each. The company…2024
• Shri Ganga Ltd. was registered with an authorised capital of ₹ 7,00,000 divided into equity shares of ₹ 10 each. It offered to…2024
• Ron it Ltd. was registered with an authorised capital of ₹ 75,00,000 divided into 75,000 equity shares of ₹ 100 each. The company…2024
• Shivalik Limited was registered with an authorized capital of ₹ 10,00,000 divided into equity shares of ₹ 10 each. It offered…2024
• On 1st April 2023, Khyati Ltd. was formed with an authorised capital of ₹ 20,00,000 divided into 2,00,000 equity shares of ₹ 10…2024
• On 1st April 2023, Khyati Ltd. was formed with an authorised capital of ₹ 20,00,000 divided into 2,00,000 equity shares of ₹ 10…2024
• Murari Ltd. invited applications for issuing 80,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share. The amount per…2024
• Lazal Ltd. invited applications for issuing 2,00,000 equity shares of ₹ 10 each, at 20% premium. Amount per share was payable as…2024
• Lazal Ltd. invited applications for issuing 2,00,000 equity shares of ₹ 10 each, at 20% premium. Amount per share was payable as…2024
• Murari Ltd. invited applications for issuing 80,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share. The amount per…2024
• Murari Ltd. invited applications for issuing 80,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share. The amount per…2024
• Lazal Ltd. invited applications for issuing 2,00,000 equity shares of ₹ 10 each, at 20% premium. Amount per share was payable as…2024
• Pass necessary journal entries for forfeiture and reissue of shares in the following cases: (i) Neon Ltd. forfeited 2,000 shares…2024
• Pass necessary journal entries for forfeiture and reissue of shares in the following cases: (i) Star Ltd. forfeited 8,000 shares…2024
• Pass necessary journal entries for forfeiture and reissue of shares in the following cases: (i) Neon Ltd. forfeited 2,000 shares…2024
• Qumtan Ltd. invited applications for issuing 1,00,000 equity shares of ₹ 10 each at a premium of ₹ 6 per share. The amount was…2024
• Qumtan Ltd. invited applications for issuing 1,00,000 equity shares of ₹ 10 each at a premium of ₹ 6 per share. The amount was…2024
• Pass necessary journal entries for forfeiture and reissue of shares in the following cases: (i) Neon Ltd. forfeited 2,000 shares…2024
• Pass necessary journal entries for forfeiture and reissue of shares in the following cases: (i) Star Ltd. forfeited 8,000 shares…2024
• Pass necessary journal entries for forfeiture and reissue of shares in the following cases: (i) Star Ltd. forfeited 8,000 shares…2024
• Qumtan Ltd. invited applications for issuing 1,00,000 equity shares of ₹ 10 each at a premium of ₹ 6 per share. The amount was…2024
• Rad he Ltd. forfeited 500 shares of ₹ 10 each fully called up for non-payment of final call of ₹ 3 per share. 300 of these shares…2023
• A company forfeited 400 shares of ₹ 10 each, ₹ 8 per share called up for non-payment of first call of ₹ 2 per share. On…2023
• A share of ₹ 10 issued at a premium of ₹ 2 per share on which ₹ 8 per share (including premium) have been called and ₹ 6 per…2023
• Aysha Ltd. forfeited 1,10,000 shares of ₹ 10 each issued at 20% premium for the non-payment of first call of ₹ 2 per share and…2023
• Manmohan Ltd. invited applications for issuing 50,000 equity shares of ₹ 10 each at par. The amount payable per share was as…2023
• Part of the uncalled share capital that can be called up only at the time of winding up of the company is called:2023
• Rad he Ltd. forfeited 500 shares of ₹ 10 each fully called up for non-payment of final call of ₹ 3 per share. 300 of these shares…2023
• Akshita Ltd. issued fully paid shares of ₹ 5,00,000 in purchase consideration of net assets of ₹ 4,70,000. The balance of ₹…2023
• Zinki Limited forfeited a share of ₹ 100 issued at a premium of 20% for non - payment of first call of ₹ 30 per share and final…2023
• An equity share of 5 10 fully called up on which ₹ 6 has been paid was forfeited for the non-payment of the balance amount. At…2023
• Chavi Ltd. forfeited 5,000 equity shares of ₹ 10 each issued at a premium of ₹ 5 per share for non - payment of first and final…2023
• Which of the following statements is true for 'Reserve Capital'?2023
• A share of ₹ 10 issued at a premium of ₹ 2 per share on which < 8 per share (including premium) have been called and ₹ 6 per…2023
• 200 equity shares of ₹ 10 each issued at par were forfeited fOr non-payment of first call of ₹ 3 per share. Final call of ₹ 2 per…2023
• Manmohan Ltd. invited applications for issuing 50,000 equity shares of ₹ 10 each at par. The amount payable per share was as…2023
• At the time of forfeiture of shares, share capital account is debited with:2023
• A company forfeited 400 shares of ₹ 10 each, ₹ 8 per share called up for non-payment of first call of ₹ 2 per share. On…2023
• Part of the uncalled share capital that can be called up only at the time of winding up of the company is called:2023
• At the time of forfeiture of shares, share capital account is debited with:2023
• Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public…2023
• A share of ₹ 10 issued at a premium of ₹ 2 per share on which ₹ 8 per share (including premium) have been called and ₹ 6 per…2023
• Part of the uncalled share capital that can be called up only at the time of winding up of the company is called:2023
• Chavi Ltd. forfeited 5,000 equity shares of ₹ 10 each issued at a premium of ₹ 5 per share for non - payment of first and final…2023
• Manmohan Ltd. invited applications for issuing 50,000 equity shares of ₹ 10 each at par. The amount payable per share was as…2023
• At the time of forfeiture of shares, share capital account is debited with:2023
• Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public…2023
• Akshita Ltd. issued fully paid shares of ₹ 5,00,000 in purchase consideration of net assets of ₹ 4,70,000. The balance of ₹…2023
• Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public…2023
• An equity share of ₹ 10 fully called up on which ₹ 6 has been paid was forfeited for the non-payment of the balance amount. At…2023
• Aysha Ltd. forfeited 1,10,000 shares of ₹ 10 each issued at 20% premium for the non-payment of first call of ₹ 2 per share and…2023
• That portion of the uncalled capital which is called only in the event of winding up of the company, is called:2023
• 200 equity shares of ₹ 10 each issued at par were forfeited for non-payment of first call of ₹ 3 per share. Final call of ₹ 2 per…2023
• That portion of the called-up capital which has been actually received from the shareholders is called:2023
• That part of the authorised capital which is actually issued to the public for subscription is called:2023
• An equity share of 5 10 fully called up on which ₹ 6 has been paid was forfeited for the non-payment of the balance amount. At…2023
• Chavi Ltd. forfeited 5,000 equity shares of ₹ 10 each issued at a premium of ₹ 5 per share for non - payment of first and final…2023
• 200 equity shares of ₹ 10 each issued at par were forfeited for non-payment of first call of ₹ 3 per share. Final call of ₹ 2 per…2023
• Jeevan Ltd. forfeited 50 shares of ₹ 100 each on which allotment money of ₹ 30 per share (including premium of ₹ 10 per share)…2023
• Rad he Ltd. forfeited 500 shares of ₹ 10 each fully called up for non-payment of final call of ₹ 3 per share. 300 of these shares…2023
• X Ltd. forfeited 100 shares of ₹ 10 each, ₹ 8 called-up for non - payment of allotment money of ₹ 5 per share (including premium…2023
• Zinki Limited forfeited a share of ₹ 100 issued at a premium of 20% for non - payment of first call of ₹ 30 per share and final…2023
• A portion of the called-up capital which has been actually received from the shareholders is termed as:2023
• A company forfeited 400 shares of ₹ 10 each, ₹ 8 per share called up for non-payment of first call of ₹ 2 per share. On…2023
• A portion of the uncalled capital to be called only in the event of winding up of the company is termed as:2023
• Zinki Limited forfeited a share of ₹ 100 issued at a premium of 20% for non - payment of first call of ₹ 30 per share and final…2023
• Akshita Ltd. issued fully paid shares of ₹ 5,00,000 in purchase consideration of net assets of ₹ 4,70,000. The balance of ₹…2023
• Aysha Ltd. forfeited 1,10,000 shares of ₹ 10 each issued at 20% premium for the non-payment of first call of ₹ 2 per share and…2023
• Annex Ltd. issued 1,00,000 shares of ₹ 10 each at a premium of 10% to the public for subscription. The whole amount was payable…2023
• Annex Ltd. issued 1,00,000 shares of ₹ 10 each at a premium of 10% to the public for subscription. The whole amount was payable…2023
• Annex Ltd. issued 1,00,000 shares of ₹ 10 each at a premium of 10% to the public for subscription. The whole amount was payable…2023
• Sunstar Ltd. has an authorised capital of ₹ 20,00,000 divided into equity shares of ₹ 10 each. The company invited applications…2023
• Sandesh Ltd. has an authorised capital of ₹ 30,00,000 divided into equity shares of ₹ 10 each. The company invited applications…2023
• Pawan Ltd. was registered with an authorised capital of ₹ 10,00,000 divided into 1,00,000 equity shares of ₹ 10 each. The company…2023
• Saraswati Ltd. has an authorised capital of ₹ 10,00,000 divided into equity shares of ₹ 10 each. Subscribed and fully paid up…2023
• Saraswati Ltd. has an authorised capital of ₹ 10,00,000 divided into equity shares of ₹ 10 each. Subscribed and fully paid up…2023
• Unnati Ltd. was registered with an authorised capital of ₹ 8,00,000 divided into equity shares of ₹ 10 each. The company issued a…2023
• Shiv Ltd. was registered with an authorised capital of ₹ 9,00,000 divided into equity shares of ₹ 10 each. The company issued a…2023
• Madhur Ltd. has an authorised capital of ₹ 20,00,000 divided into equity shares of ₹ 10 each. The company invited applications…2023
• Saraswati Ltd. has an authorised capital of ₹ 10,00,000 divided into equity shares of ₹ 10 each. Subscribed and fully paid up…2023
• Narmada Ltd. has an authorized capital of ₹ 10,00,000 divided into equity shares of ₹ 10 each. The company issued a prospectus…2023
• Tanay Ltd. has an authorised capital of ₹ 40,00,000 divided into equity shares of ₹ 10 each. The company invited applications for…2023
• On 1st April, 2021, Prabha Ltd. was formed with an authorised capital of ₹ 90,00,000 divided into 90,000 equity shares of ₹ 100…2023
• Sunstar Ltd. has an authorised capital of ₹ 20,00,000 divided into equity shares of ₹ 10 each. The company invited applications…2023
• Sunstar Ltd. has an authorised capital of ₹ 20,00,000 divided into equity shares of ₹ 10 each. The company invited applications…2023
• On 1st April, 2021, Vishwas Ltd. was formed with an authorised capital of ₹ 10,00,000 divided into 1,00,000 equity shares of ₹ 10…2023
• Lotus Ltd. invited applications for issuing 80,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share. The amount was…2023
• Pass necessary journal entries for the forfeiture and reissue of shares in the following cases: (i) BCG Limited forfeited 75…2023
• Vani Limited invited applications for issuing 1,00,000 equity shares of ₹ 10 each at a premium of 10%. The amounts were payable…2023
• Vani Limited invited applications for issuing 1,00,000 equity shares of ₹ 10 each at a premium of 10%. The amounts were payable…2023
• Vani Limited invited applications for issuing 1,00,000 equity shares of ₹ 10 each at a premium of 10%. The amounts were payable…2023
• Pass necessary journal entries for the forfeiture and reissue of shares in the following cases: (i) BCG Limited forfeited 75…2023
• Lotus Ltd. invited applications for issuing 80,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share. The amount was…2023
• Lotus Ltd. invited applications for issuing 80,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share. The amount was…2023
• Garda Ltd. invited applications for issuing 10,000 equity shares of ₹ 10 each. The amount per share was payable as follows: ₹ 2…2023
• Yash Ltd. invited applications for 50,000 equity shares of ₹ 10 each at a premium of 10%. The amount was payable as follows: On…2023
• Ganga Ltd. invited applications for issuing 10,000 equity shares of 5 10 each. The amount per share was payable as follows: ₹ 2…2023
• Pass necessary journal entries for the forfeiture and reissue of shares in the following cases: (i) BCG Limited forfeited 75…2023
• Yash Ltd. invited applications for 50,000 equity shares of ₹ 10 each at a premium of 10%. The amount was payable as follows: On…2023
• Garda Ltd. invited applications for issuing 10,000 equity shares of 5 10 each. The amount per share was payable as follows: ₹ 2…2023
• Yash Ltd. invited applications for 50,000 equity shares of ₹ 10 each at a premium of 10%. The amount was payable as follows: On…2023

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