Self Studies

Accounting for ...

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  • Question 1
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    The difference between Subscribed Capital and Called-up Capital is called _________.

  • Question 2
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    Which of the following should be deducted from the share capital to find out paid up capital of a company?

  • Question 3
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    Voluntary return of shares for cancellation by the shareholders is called _______.

  • Question 4
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    At the time of forfeiture, share capital Account is debited with ________.

  • Question 5
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    Reserve share capital means ____________.

  • Question 6
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    A company issued $$5,000$$ shares of Rs. $$10$$ each at $$20\%$$ premium payable as follows: Application- Rs. $$2$$, allotment Rs. $$5$$ (including premium) and first and Final Call Rs. $$5$$. A holder of $$200$$ shares failed to pay the first and final call. His shares were forfeited. Calculate the amount to be credited to share Forfeiture Account.

  • Question 7
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    A Ltd. Acquired assets worth Rs. $$11,25,000$$ from B. Ltd. by issue of equality shares of Rs. $$100$$ at premium of $$25\%$$. The number of shares to be issued by A Ltd, for the purchase consideration.

  • Question 8
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    When shares are issued at a premium and the amount is already received by company. Later on, when such shares are forfeited.

  • Question 9
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    If a shares of Rs. $$10$$ on which Rs. $$8$$ has been paid up is forfeited, it can be re-issued at the minimum price of ______.

  • Question 10
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    The O and M staff also helps other departments in the implementation of their _____________ .

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