Company Accounts Questions

Calls in arrears are shown in the balance sheet as:

Match List-I with List-II:List-I(A) Authorized capital(B) Issued capital(C) Subscribed capital(D) Paid up capitalList-II(I) Mentioned in Prospectus.(II) Mentioned In Memorandum Of Association.(III) Called up capital $-$ calls in arrears.(IV) Capital for which application is received.Choose the correct answer from the options given below:

A share of $\text{Rs. }10$ was issued at a premium of $\text{Rs. }3$. $\text{Rs. }3$ was payable on application and $\text{Rs. }5$ was payable on allotment (including premium). A shareholder who had applied for $100$ shares was allotted only $50$ shares and due to non-payment of allotment money, his shares were forfeited. In this case, the amount to be debited to Securities Premium A/c on forfeiture of these shares is:

Under what condition is an amount shown under the head 'Subscribed and Fully Paid up Share Capital' in the Balance Sheet of a Company?

A share of $\text{Rs. }10$ on which $\text{Rs. }8$ was called up was forfeited for non-payment of $\text{Rs. }5$. This share can be reissued at a minimum price of $\text{Rs.}$:

A company issues $\text{Rs. }1,00,000$, $9\%$ debentures of $\text{Rs. }100$ each at a discount of $15\%$, but redeemable at a premium of $5\%$. The total amount debited to the 'Loss on Issue of Debentures Account' is:

Debenture Suspense Account is presented in the balance sheet as:

Choose the correct statement from the options given below:

Arrange the following share capital events in their proper chronological order:(A) Transfer to capital reserve.(B) Forfeiture of share.(C) Calls in arrears.(D) Re-issue of share.Choose the correct answer from the options given below:

Reserve capital is:

Discount on the issue of $8\%$ debentures is presented under which head in the balance sheet?

According to Section 52(2) of the Companies Act, 2013, the Securities Premium balance can be utilized for which of the following purposes?(A) Writing off preliminary expenses.(B) Issuing fully paid bonus shares.(C) Payment of dividends.(D) Buy-back of shares.Choose the correct answer from the options given below:

In the case of an under-subscription of shares, which of the following statements is true?

Which of the following statements are true with reference to a "company"?(A) The directors of the company are the owners of the company.(B) A company is an artificial person.(C) A company has its common seal.(D) The liability of the members of the company is limited to the extent of shares held by them.Choose the correct answer from the options given below: