Company Accounts Questions

The number of shares to be issued to a vendor for consideration other than cash is calculated as follows:

Profit on reissue of shares is transferred to

Choose the correct statement :-

When Calls in Advance Account is adjusted _______ is credited and _______ is debited.

Match List-I with List-IIList-I (TYPES OF COMPANY)List-II (CHARACTERISTICS)(A) unlimited company(I) liability arises only in the event of winding up(B) one person company(III) paid up capital is not more than 50 lakhs (historical limit threshold)(C) private company(II) limits the number of members to 200(D) company limited by guarantee(IV) creditors can claim their dues from the membersChoose the correct answer from the options given below:

After forfeiture of share, the amount transferred to capital reserve is:

Which is not a type of Debenture :-

In case of over subscription, the directors may:(A) Accept some applications in full and reject excessive applications.(B) They can make pro-rata allotment to all.(C) They can adopt a combination of the above two alternatives.(D) They can make preferential allotment to some applicants.Choose the correct option:

In a Journal Entry of Forfeiture of Shares, Share Capital Account will be :-

The account which is not used in journal entry of the forfeiture of shares is:

When there's no Article of Association of its own, the following provision of table F (formerly Table A) will apply at the time of issue of shares...

In a Journal Entry of Forfeiture of Shares, Securities Premium Account may be debited, when :-

The rate of interest on calls in arrears as per Table F can not exceed:

A private company is one which:(A) restricts the right to transfer shares.(B) limits the number of members to 200.(C) must have at least 2 persons.(D) include a company which is subsidiary of public company.Choose the correct answer from the options given below: