Accounting for issue of shares

Accounting for issue of shares

12th Grade

18 Qs

quiz-placeholder

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Accounting for issue of shares

Accounting for issue of shares

Assessment

Quiz

Other

12th Grade

Medium

Created by

Shaista Begum

Used 297+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Figure out the Order -

1. Issued Capital

2. Subscribed Capital

3. Authorised Capital

4. Paid Up Capital

5. Called Up Capital

2, 3, 5, 1, 4

2, 1, 3, 5, 4

3, 1, 2, 5, 4

3, 2, 1, 4, 5

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a company receives share application money, the entry will be-

Debit Bank a/c ; Credit Share Capital a/c

Debit Share Capital a/c ; Credit Bank a/c

Debit Application a/c ; Credit Bank a/c

Debit Bank a/c ; Credit Share Application a/c

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tara Ltd. issued 120,000 shares. The issued was subscribed for 110,000 shares. This is a case of ______.

Full Subscription of Shares

Undersubscription of Shares

Oversubscription of Shares

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the minimum amount of shares that has to be subscribed in an IPO? (Initial Public Offer)

95%

90%

100%

80%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ralph Ltd. issued 150,000 shares at Rs. 10 per share with a premium of Rs. 2 per share payable Rs. 3 on application, Rs. 5 on allotment (including premium) and balance on the first call. Applications were received for 120,000 shares. Calculate the amount received by Ralph Ltd. on application.

Rs. 450,000

Rs. 750,000

Rs. 600,000

Rs. 360,000

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ralph Ltd. issued 150,000 shares at Rs. 10 per share with a premium of Rs. 2 per share payable Rs. 3 on application, Rs. 5 on allotment (including premium) and balance on the first call. Applications were received for 120,000 shares. Calculate the amount received by Ralph Ltd. on application.

Rs. 450,000

Rs. 750,000

Rs. 600,000

Rs. 360,000

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which format of the Financial Statements is followed by companies today?

Schedule II of the Companies Act, 2013

Schedule III of the Companies Act, 1956

Schedule II of the Companies Act, 1956

Schedule III of the Companies Act, 2013

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