Share Allotment a/c is a/an:
Company Accounts Quiz

Quiz
•
Other
•
12th Grade
•
Hard
Vinaya Venkat
Used 63+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Expense a/c
Asset a/c
Liability a/c
Income a/c
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Balance in Shares Forfeited a/c is shown in the Balance Sheet under the head of:
Reserves and Surplus
Long Term Borrowings
Share Capital
Other Current Liabilities
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Shares can be forfeited for:
Non - payment of call money
Failure to attend meetings
Failure to repay the loan to the bank
All of these
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Profit on Reissue of Forfeited Shares is tranferred to -
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Gama Chemicals Ltd. is a newly formed company. How much discount per share can it allow for issuing the shares to the public?
6%
10%
5%
None of these
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
At what rate of interest on Calls in Advance may be paid by a company according to Table F of Schedule I of the Companies Act, 2013?
10%
12%
10% p.a.
12% p.a.
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
D Ltd. invited applications for issuing 10,00,000 equity shares of Rs. 10 each. The public applied for 8,55,000 shares. Can the company proceed for the allotment of shares? Give reason in support of your answer.
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