Accountancy
Assessment
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vijay naik
•
Professional Development, Business, Other
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12th Grade
•
39 plays
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Medium
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10 questions
Show answers
1.
Multiple Choice
Debenture holders are ____________of the Company
Debtors
Creditors
Customers
Owners
2.
Multiple Choice
Liability of a shareholder is limited to ___________ of the shares allotted
Paid up value
Called up value
Face value
Reserve price
3.
Multiple Choice
The part of the capital which can be called-up only in case of winding up of the Company is called ___________
Authorised Capital
Called up Capital
Uncalled Capital
Reserve Capital
4.
Multiple Choice
The shares which are issued above the face value is called _________
Issue at a loss
Issue at a profit.
Issue at a premium
Issue at a discount
5.
Multiple Choice
Following amounts were payable on issue of shares by a Abtech Ltd. Rs.20 on application, Rs. 40 on allotment.
Rs. 20 on first call and Rs. 20 on final call. Raj holding 1,000 shares paid only application and allotment money whereas James holding 800 shares did not pay
final call. Amount of calls in arrears will be________.
42,000
56,000
72,000
66,000
6.
Multiple Choice
A Company purchased a building for Rs. 7, 20,000 and issued as payment equity shares at 20% premium.
Journal Entry will be _______________
Share Capital a/c Dr................ 8,00,000
To Building a/c …................................................ 7,20,000
To Securities Premium a/c ….............................. . 80,000
Building a/c Dr................ 8,00,000
To Share Capital a/c …............................................... 6,40,000
To Securities Premium a/c …...................................... 1,20,000
Share Capital a/c Dr................ 7,20,000
To Building a/c …................................................ 7,00,000
To Securities Premium a/c ….............................. 20,000
Building a/c Dr................ 7,20,000
To Share Capital a/c …............................................... 6,00,000
To Securities Premium a/c …..................................... 1,20,000
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