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Accounting for ...

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  • Question 1
    1 / -0

    Which one of the following securities cannot be issued by a company in India?

  • Question 2
    1 / -0

    Following are the differences between Capital Amount and Current Account ______________.

  • Question 3
    1 / -0

    The following information pertains to X Ltd:
    (i) Equity share capital called-up $$Rs. 5,00,000$$
    (ii) Calls-in-arrear $$Rs. 40,000$$
    (iii) Calls-in-advance $$Rs. 25,000$$
    (iv) Proposed dividend $$12.5$$%
    Amount of dividend will be ______________.

  • Question 4
    1 / -0

    Which one of the following is known as Registered Capital of the Company?

  • Question 5
    1 / -0

    Right shares are the shares _____________.

  • Question 6
    1 / -0

    $$500$$ shares of $$Rs. 20$$ each issued at $$5$$% discount are forfeited for non-payment of allotment and final call money @ $$Rs. 9$$ and $$Rs. 5$$ respectively. Amount credited to share forfeited A/c is ______________.

  • Question 7
    1 / -0

    Pro-rata allotment of shares means allotment of shares _____________.

  • Question 8
    1 / -0

    A Company forfeited 20 shares of Rs.10 each, Rs.7 called up, on which application money of Rs.5 per share was paid. The entry for forfeiture is ___________.

  • Question 9
    1 / -0

    X Co. forfeits $$1000$$ shares. If $$Rs. 10$$ each called up and only $$Rs. 5$$ paid on application. The amount to be forfeited is ___________.

  • Question 10
    1 / -0

    IJL Ltd. Issued 20,000 shares of 10 each at a

    premium of 20% on May 1, 2004, payable as follows:

    On application 4.50 (inclusive of premium)
    On allotment 2.50
    On first and final call 5.00
    Mrs. M, to whom 1,000 shares were allotted, paid

    5,000 on June 1, 2004. At the time of remitting the allotment money, she

    indicated that the excess money should be adjusted towards the call money. The directors

    of the company made the first and final call on October 31, 2004. The company

    has a policy of paying interest on calls-in-advance. The amount of interest

    paid to Mrs. M on calls-in-advance = ?

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