Company Accounts Questions

The maximum amount of discount allowed on the re-issue of forfeited shares will be equal to:

The balance of the share forfeiture account is shown in the balance sheet under the major block item:

Match List-I with List-II:List-IList-II(A) These debentures refer to those debentures where a charge is created on the assets of the company for the purpose of payment in case of default.(I) Bearer Debentures(B) These debentures are those which are payable on the expiry of the specific period either in lump sum or in installments during the lifetime of the company.(II) Zero Coupon Rate Debentures(C) These debentures do not carry a specific rate of interest.(III) Redeemable Debentures(D) These debentures can be transferred by way of delivery and the company does not keep any record.(IV) Secured DebenturesChoose the correct answer from the options given below:

Arrange the share accounting transaction stages in chronological operational sequence:(A) For Adjustment of Excess Application Money(B) For Amount Due on Allotment(C) For Allotment money received.(D) For Amount Due on call.Choose the correct answer from the options given below:

What is nominal share capital?

Perpetual Debentures are also known as :-

Rahul Limited purchased a building from Handa Limited for $\text{Rs. }5,40,000$ and the payment is to be made by the issue of shares of $\text{Rs. }100$ each. What will be the number of shares to be issued when shares are issued at a premium of $20\%$?

Which of the following are the correct statements regarding debentures/debenture interest?(A) The payment of interest on debentures is a charge on the profits of the company.(B) Redeemable debentures are those debentures which are payable on the expiry of the specific period.(C) Debentures cannot be converted into shares.

Which among the following statements are NOT true?

Which of the following is the correct statement in respect of Forfeited Shares:

Arrange the following categories of share capital in the correct legal and logical sequence from highest statutory limit down to actual realized funding:(A) Paid up Capital(B) Subscribed Capital(C) Issued Capital(D) Authorised CapitalChoose the correct answer from the options given below:

Table F of the Companies Act 2013 provides for the payment of interest on calls in advance at a rate not exceeding:

Which of the following is NOT a valid classification type of Preference Shares under standard Indian corporate law frameworks (where one option is traditionally prohibited or considered non-standard for ongoing companies)?

Suvidha Ltd. purchased machinery worth $\text{Rs. }1,98,000$ from Suppliers Ltd. The payment was made by issue of $12\%$ debentures of $\text{Rs. }100$ each. How many debentures will be issued at a $10\%$ discount?

Match List-I with List-II:List-IList-II(A) Under Subscription(I) Issue of Shares at an amount more than the nominal or par value of shares.(B) Issue of Shares at a Premium(II) It is a situation where the number of shares applied for is less than the number for which applications have been invited for subscription.(C) Over Subscription(III) The amount so received from the shareholders when shareholders pay a part or the whole of the amount of the calls not yet made.(D) Calls in Advance(IV) When applications for more shares of a company are received than the number offered to the public for subscription.Choose the correct answer from the options given below:

Match List-I with List-II:List-I(A) The maximum amount of share capital which a company is authorized to issue is known as(B) Shares can be forfeited for(C) The profit on the reissue of forfeited shares is transferred to(D) Balance of share forfeiture account is shown in the balance sheet under the itemList-II(I) Capital reserve(II) Share capital(III) Nominal share capital(IV) Non-payment of call moneyChoose the correct answer from the options given below:

__________ is that portion of the subscribed capital which has not been demanded by the company. The company may collect this amount any time when it needs further funds: