Accounting for ...

A company can sell its shares only through___

Which of the following is not true about a company?

Amount of Calls in Arrears will be deducted from______ under share capital.

What type of shares can be issued at discount?

When a company purchases any fixed asset or a running business and makes payment to the vendor in form of issue of shares in place of cash it is called

Discount on Reissue of shares cannot be more than the _________

Which of the following is not a situation of oversubscription or not concerned with over subscription?

Following Entry takes place when:
Bank A/c Dr.
To Share Application A/c

Which of the following statement is not true?

Share Capital Account should be debited (at the time of forfeiture) with:

What is the limit of Securities Premium on the issue of shares?

For which of the following purpose, securities premium reserve cannot be used?

Which capital is to be stated in the Memorandum of Association of a company?

When the  company does not have its own Articles of Association _______

Find out the amount of second & final call When a company issue its shares @ 10 each at a premium of 30%. Payable on Application Rs.4. On Allotment Rs.4. On First Call Rs.2.

Stages of Incorporation of company are
a.Promotion
b.Capital subscription
c.Incorporation
d.Commencement of business
Arrange them in order

_________ Shares are issued by a company to its employees or directors for their hard work and dedication towards the company.

At the time of forfeiture of shares, with what amount share capital account will be debited, when share of Rs.20 on which Rs.16 called and Rs.12 is paid is forfeited?

When will you record the following entry?

Share Applications A/c

To Bank A/c

__________ Shareholders have voting rights in all circumstances.

Entry for reissue of forfeited shares at discount will be

How will you calculate the number of shares to be issued to the Vendor?

What is the correct order of the following items?
•Authorised Capital
•Subscribed but not fully paid-up
•Issued Capital
•Subscribed and Fully paid-up

Excess money received on application should be utilized first on:

Share capital is shown in the balance sheet under the heading of_______