It portends a future in which a much larger share of capital flows into private markets. The poll watchdog said the Madras HC’s comment was “uncalled for, blatantly disparaging and derogatory”. Concise Mathematics Class 10 ICSE Solutions 2020, MCQ Questions for Class 12 Accountancy with Answers, Eutrophication | Definition, Types, Causes, & Effects, Biomagnification Definition and its Effects, Noise Pollution | Definition, Examples, Effects and its Causes, Water Pollution | Definition, Causes, Effects and Solutions, Environmental Pollution Overview and its Defnition, International Union for Conservation of Nature, Concise Mathematics Class 10 ICSE Solutions. (b) Holders of Convertible Debentures A company is registered with a share capital of â¹ 1,00,000 Rs. per share. Reserve share capital means : (a) Part of authorised capital to be called at the beginning (b) Portion of uncalled capital to be called only at liquidation (c) Over subscribed capital (d) Under subscribed capital… (d) Shown an the equity and liability side, Question 25. (a) Customers Question 1. Share capital is credited with face value of shares reissued and share forfeiture account is debited with the amount of loss on reissue. per share To Share Capital A/c Rs. (a) Calls-in-advance (a) 78 A company has………… Share Capital. (a) Part of authorised capital to be called at the beginning (c) 8%p.a. (d) Writing off trading loss, Answer: (b) Issuing fully paid bonus shares, Question 6. Imposition definition is - something imposed: such as. (c) Share forfeiture (b) 8 Rs. When full amount is due on any call but it is not received, then the short fall is debited to : 8. (b) Dividend 40 per share on 10,000 shares (i.e. (c) Existing Shareholders (a) Reserve and Surplus (c) For failure to repay the loan to the Bank (c) Shown on the assets side 67 Use of share capital to pay expenses incurred in issue of new shares ... provide that a specified portion of its uncalled share capital shall not be capable of being called up except in the event and for the purposes of the company being wound up. Z & Co. forfeited 100 shares of 10 Rs. (c) Profit & Loss A/c The capital so stated is called Registered, Authorized or Nominal Capital. If equity share of â¹ 10 Rs. Prohibited Content 3. Equity share capital. Right Shares are issued to : To Share Capital A/c The Registered Capital is the maximum amount of share capital which a company can raise by way of public subscription. The subscribed capital is allotted to the respective subscribers as per resolution passed by the directors of the company. (d) None of these, Question 43. (d) None of these, Answer: (c) Preference shares and equity shares, Question 31. “First of all, dear friend, tell me how you are. uncalled capital. It means with reference to a company, limited by shares, all share capital which is not preference share capital. (b) For issuing bonus shares to members 3.11 To adopt such means of making known the company and its products and services as may seem expedient. (c) Uncalled capital As per Table F the maximum rate of interest on calls in advance paid is: Reserve share capital means : (b) Assets A/c An issue of shares which is not a public issue but offered to a selected group of persons is called : (b) Unlimited (b) Reserve capital Paid Up Capital: It is part of called up share capital … (c) 52 for which it is paying by issue of shares of 100 Rs. (d) None of these, Question 11. Content Guidelines 2. (b) 2,000 (a) Paid-up Capital Hugh MacArthur Head of … (c) Share Capital (a) Calls-in-advance (b) Market value of Shares Called-Up Share Capital . 7. (c) Over subscribed capital Depending on the jurisdiction and the business in question, some companies may issue shares to investors with the … Shares may be issued : The Board also authorized a share repurchase program, pursuant to which the Company intends to conduct quarterly share repurchases, beginning in the second quarter of … (a) Writing off loss incurred on revaluation of asset 6. In other words, it is the portion of share capital that is reserved by the company and which will be … To Share Capital A/c, Answer: (b) Goodwill A/c Dr. Premium on issue of shares can be used for : The remaining amount i.e. (c) Initial public offer (c) Authorised capital The problem of shantytowns is closely associated in The Bahamas with the presence of large numbers of undocumented people in the country, primarily of Haitian origin. (b) Calls-in-arrear Premium on issue of shares is shown on which side of the Balance sheet. (a) Added to capital (c) A part of Capital Reserve (a) Limited 3. (b) Issued Capital can be issued. Share this article. (c) Uncalled Capital The share capital of company may be of the following types: 1. (a) 2,500 (b) Deducted from share capital (d) Discount on issue of shares. The company may not issue the entire authorised capital at once. Call 896 6000. Huge Collection of Essays, Research Papers and Articles on Business Management shared by visitors and users like you. Uncalled & Unpaid From my long distance memory if money has not been "called" and remains unpaid, you don't record it at all. The Centre on Sunday moved the Delhi High Court seeking recall of its order directing supply of entire allocated oxygen of 490 metric tonnes (MT) to the national capital … (a) Issue of Bonus shares The portion of the authorised capital which can be called-up only on the liquidation of the company is called: A Ltd. purchased a machinery for 1,80,000 Rs. (a) At par value The foreign ministries of both countries said separately that the inquiry had rejected Somalia‘s complaint, further angering Mogadishu, which … (c) Authorised capital Usually, uncalled capital constitutes a large portion of share capital. (a) Partnership (c) 900 Rs. (b) Revenue Reserve NEW YORK, April 26, 2021 /PRNewswire/ ... long-term capital appreciation. Privacy Policy 9. (d) None of these, Question 17. (d) Paid-up Capital, Question 48. Applications were received for â¹ 12,000 shares. (b) Miscellaneous Expenditure (c) Vendorâs Account (c) 5 % p.a. When a company issues shares at a premium, amount of premium may be received by the company : (b) Calls-in-advance (b) Issued Capital (c) Profit & Loss A/c (d) â¹ 1,600, Question 52. capital, investors of that capital and for the companies owned by a widening variety of private models. Account Disable 12. Paid-up Capital: The amount which shareholders pay as soon as they buy shares of an entity is known as paid-up capital. Equity shareholders are : (d) General Reserve A/c, Question 26. (a) Creditors of the company (a) Prospectus (d) 3,000, Question 53. (c) A general person (b) Distribution of Profit We hope the given NCERT MCQ Questions for Class 12 Accountancy Chapter 6 Accounting for Share Capital with Answers Pdf free download will help you. Minimum paid up capital is 5,00,000 Explanation: Minimum paid up capital of a private company is 1,00,000. (d) General Loss, Question 38. The fixed capital of a company is what the company retains in the shape of fixed assets such as land and buildings, plant and machinery, furniture, etc. (c) Writing off Preliminary Expenses (a) Calls-in-arear Perhaps this is indeed the beginning of “the rest of the story” for the PE industry. (a) For paying dividend to members (v) Paid up capital: That part of the called up capital which is actually paid up by the members is known as the paid up capital. (b) Reserve Profit (b) Natural person It cannot be cancelled at the time of reduction of capital. The circulating capital is a part of subscribed capital which is circulated in business in the form of using goods or other assets such as book debts, bill receivables, cash, bank balance, etc. To Share Capital A/c, Question 7. Check the below NCERT MCQ Questions for Class 12 Accountancy Chapter 6 Accounting for Share Capital with Answers Pdf free download. (a) 5% p.a. Members have no liability in case of fully paid up … Question 22. Uncalled up capital: It is that part of a subscribed capital that is not yet called up, but can be called up as per requirement. (C) Aggregate number and class of shares bought back. (a) Capital Gain (a) Profit & Loss A/c Your savory breakfast links: Recaps and other assorted musings on yesterday’s loss from us, Vogs, Caps video (Laviolette, Wilson/Dillon, recap), NHL, AP, WaPo, NBCSW, Boston.com, Herald, Peerless, NoVa Caps, RMNB, S&S, and Stanley Cup of Chowder. What is the amount to be transferred to Capital Reserve Account? (b) Issued at Premium According to Table E of the Companies Act, 2013 interest on calls in arrears charged should not exceed : (d) 53, Question 34. It is the uncalled portion of the allotted capital and represents contingent liability of the shareholders on the shares. (d) 2 Rs. Efforts to regularize … The term capital usually means a particular amount of money with which a business is started. Types/Nature of Share Capital 3. Essays, Research Papers and Articles on Business Management, Difference between Share and Debenture | Capital | Company, Share Issued by a Company: Meaning and Kinds, Alteration of Capital Clause: 5 Types | Company, Promoter of a Company: Functions, Duties and Liabilities. 9. The company cannot demand the payment of money on the shares to that extent during its life time. Securities Premium is shown under which head in the Balance Sheet ? (a) Personal A/c per share (d) Paid-up Capital, Question 33. So, issued capital is that part of Authorised/Registered or Nominal Capital which is offered to the public for subscription in the form of shares. (c) 30 years Question 36. (b) 800 Rs. A Ltd. forfeited 2,000 shares of ₹10 each fully called up for non-payment of final call of ₹2 per share. The liability of members in a company is : (c) Called-up value of Shares (d) 20 years, Question 46. Amount of calls in Arrear is : (a) Authorised Capital Which of the following should be deducted from the called-up capital to find out paid-up capital: (d) Under subscribed capital, Answer: (b) Portion of uncalled capital to be called only at liquidation, Question 2. After reading this article you will learn about:- 1. Premium on issue of shares is a : (d) Are issued to the vendors for purchasing assets, Answer: (b) Are issued to existing shareholders of the company, Question 32. What amount will be transferred to Capital Reserve A/c ? Capital to be stated in the Memorandum of Association and Articles of Association of the Company. (a) Bank A/c Dr. Company limited by shares In this case, the liability of members is limited to the amount of uncalled share capital. (b) Called-up Capital (b) 12% p.a. (b) Only preference shares (b) Share Forfeiture A/c (b) Authorised Capital (b) Private placement of shares Where the liability on any share in respect of uncalled capital is being reduced, no entry is usually required. (d) None of these, Question 29. Preference Share Capital: It means that part of the capital of the company which: (a) Carries a preferential right as to payment of dividend at fixed rate during the life time of the company. A. Which one of the following is the registered capital of the company ? If the loss on reissue of shares is less than the amount forfeited, the âsurplusâ or profit is transferred to : (c) Paying divided per share (d) For writing off discount on issue of debentures, Answer: (a) For paying dividend to members, Question 10. The balance of nominal capital remaining to be issued is called Unissued Capital. Company can utilise securities premium for : (b) â¹ 2,000 Capital, in fact, represents the assets with which the undertaking is carried on. (d) None of these, Question 9. Before uploading and sharing your knowledge on this site, please read the following pages: 1. (a) 24 years Capital included in the liabilities of a company is called : ... the total paid-up capital of the company; and If a share of â¹ 10 on which â¹ 8 has been called and â¹ 6 is paid is forfeited, the Share Capital Account should be debited with : (c) Promoterâs A/c (a) Promoters for the Services The sum total of nominal value of shares of a company is known as its share capital. Which account should be debited when shows an issued to promoters: (c) â¹ 6 (b) Capital Reserve Account Image Guidelines 4. (a) â¹ 8 (a) For failure to attend meetings (c) General Reserve Account (b) Real A/c The difference between subscribed capital and called up capital is called : If vendors are issued fully paid shares of â¹ 1,00,000 in consideration of net assets of â¹ 1,20,000 the balance of â¹ 20,000 will be credited to : (d) Owners, Question 12. Share Application Account is : When shares are forfeited, the Share Capital Account is debited with: (a) An artificial legal person (c) Transferring to General Reserve (a) â¹ 3,000 (c) Fixed Assets (b) Private Company The American received plenty of support from fans on social media, but stressed that while she's used to copping plenty of hate from people online, she drew a line at being accused of racism. 2. (d) Profit. (c) â¹ 4,000 (c) Promoters Personal A/c Dr. MCQ Questions for Class 12 Accountancy with Answers were prepared based on the latest exam pattern. (d) Reserve Capital, Question 41. (d) Writing Off Commission or Discount on Issue of Shares, Answer: (b) Writing Off Losses of the Company, Question 51. It is that part of “issued capital” for which applications are received from the public. The 2020 United States presidential election was the 59th quadrennial presidential election, held on Tuesday, November 3, 2020. (b) Capital Loss (c) Current Liabilities (a) Goodwill Account each at 20% premium. Life in Nigeria would have continued its new normal last week, not the new normal imposed by COVID-19, but the bizarre reality of waking up … (d) 1,000 Rs. (c) Public Compancy Look at a typical note to the accounts "Called Up Share Capital : Alotted, issued & fully paid...." so Dr £0 & Cr £0 J. Ltd. re-issue 2,000 shares which where forfeited by crediting share forfeiture account by â¹ 3,000. (b) â¹ 24,000 Reserve capital means : RD Sharma Solutions , RS Aggarwal Solutions and NCERT Solutions. Registered, Authorised or Nominal Capital: The Memorandum of Association of every company has to specify the amount of capital with which it wants to be registered. (b) Calls-in-arrear When a company issues fully paid shares to promoters Of these, issued capital contains a lot of partly paid shares. (d) Nil, Question 21. The Democratic ticket of former vice president Joe Biden and the junior U.S. senator from California Kamala Harris defeated the incumbent Republican president Donald Trump and incumbent vice president Mike Pence. (b) Creditors (b) Carries, on the winding up of the company, a preferential right to be repaid the amount of the capital paid up. 1. The share capital of a company limited by shares may be of the following two kinds: It means that part of the capital of the company which: (a) Carries a preferential right as to payment of dividend at fixed rate during the life time of the company. We have provided Accounting for Share Capital Class 12 Accountancy MCQs Questions with Answers to help students understand the concept very well. Called up Capital: It is a portion of the subscribed capital for which the shareholders are called to pay. (a) Assets Secrities Premium can not be applied : To Share Capital A/c Which statement is issued before the issue of shares ? How many shares will be issued as consideration. When once the Reserve Capital has been so created the company cannot alter its Articles of Association so as to make the reserve liability available at any time. (c) Issued at Discount The maximum capital beyond which a company is not allowed to raise funds, by issue of shares is called ………….. (b) Carries, on the winding up of the company, a preferential right to be repaid the amount of the capital paid up. (c) Subscribed Capital (a) Only equity shares Amount of securities premium account will be : per share. (d) Subscribed capital, Question 44. (a) Authorised Capital (d) Share Capital, Question 14. 8. (a) Paid-up capital There are various types of share capital in a company, for example, Authorized, Issued, Unissued, etc. (a) 10 Rs. (d) None of these, Question 40. (d) Suspense Account, Question 3. Business Management, Company, Share Capital. (a) 8% p.a. Leaders from the Intergovernmental Authority on Development (IGAD) regional group tasked a fact-finding mission with investigating Somalia‘s complaints that Kenya was violating its sovereignty, in an intervention aimed at easing tensions.. for their services, the journal entry will be: 2. (b) 6% p.a. (b) 22 years 1. (b) Writing Off Losses of the Company (d) Reserve Capital, Question 24. per share. (a) Personal Account (b) For non-payment of call money capital definition: 1. a city that is the centre of government of a country or smaller political area: 2. the most…. (c) Nominal/ Account Notwithstanding that many of these individuals have long provided cheap labor in our economy contributing to national development, their presence here is unwelcome by many Bahamians. (b) Capital Reserve Account each were issued to public at a premium of â¹ 2 per share payable on allotment. (a) Interest (c) Memorandum of Association All the forfeited shares were re-issued at 9 Rs. Question 1. Plagiarism Prevention 5. (c) â¹ 1000 Copyright 10. (d) Promotion Expenses A/c Dr. Share capital is that capital which comes through the issued, subscribed and paid-up shares. each for non-payment of final call of 2 Rs. (c) Limited Liability (d) Both (a) & (b), Question 15. ? Disclaimer 8. Accounting entries to be passed in respect of reduction of share capital are discussed in this article. (c) Commission (d) All these, Question 42. (c) 5 Rs. The capital which is part of the uncalled capital of the company which can be called up only in the event of its winding up it is called a) Issued capital b) Nominal capital c) Authorised Capital d) Reserve capital 5. (d) Paid-up value of Shares, Question 19. Reserve Capital It is that portion of uncalled share capital which shall not be capable of being called up except in the event and for the purpose of the company being wound up. (c) Subscribed Capital Shares can be forfeited : Aggregate number and class of shares allotted as fully paid-up. Police set up check posts on key highways to enforce the Covid-19 restrictions, but failed to stop the rush of home-goers. divided into â¹ 10,000 shares of â¹ 10 each. According to Section 52 of the Compaines Act, the amount in the Securities Premium Account cannot be used for the purpose of: (b) Are issued to existing shareholders of the company (c) Preference shares and equity shares (d) Fluctuating, Question 28. Classes. (c) Called-up Capital
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