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Accounting for ...

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  • Question 1
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    The following information pertains to X Ltd. 
    Called-up-share capital= Rs. 5,00,000
    Calls-in-arrears=Rs. 40,000
    calls-in-advance=Rs. 25,000
    Proposed dividend=15%
    The amount of payable is ____________.

  • Question 2
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    When shares are not payable in a lump sum, third instalment is called ______________.

  • Question 3
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    Which of the following security can be forfeited for non-payment of call?

  • Question 4
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    Which of the following statement is true in relation to provisions of Companies Act, 2013?

  • Question 5
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    X Ltd. made a final call on equity share @Rs. 20 each. face value of share is Rs. 100. one share holder holding 300 shares paid the final call after 2.5 months after it has become due.the company had adopted Table F of schedule I to the companies Act 2013 , the amount of interest on Calls-in-Arrear=?

  • Question 6
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    Minimum paid-up capital for a private company is __________ as per Companies Act, 2013.

  • Question 7
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    Which of the following can be treated as type of shares?

  • Question 8
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    The amount received as calls-in-advance is a _____of the company.

  • Question 9
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    W Ltd. issued 2,00,000 shares of rs. 100 each at a premium of 20% on May 1,2015, payable as follows:
    On application (inclusive of premium)  Rs.45
    On allotment                                         Rs.25
    On first & final call                                 Rs.50
    Sunil to whom 10,000 shares were allotted, has paid Rs.5,00,000 on June 1,2015. At the time of remitting the allotment money, he indicated the excess that money should be adjusted towards the call money.The directors of the company made the first and the final call on October 31,2015. The company has a policy of paying interest on calls-in-advance as per Table F of Schedule I to the Companies Act 2013. The amount of interest paid to sunil on calls-in-Advance will be_______________-

  • Question 10
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    A company has perpetual succession which means ____________________.

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