CBSE  /  Class 12  /  Accountancy  /  Accounting for Share Capital

  • 1. 
    Reight shares are the shares, which :

  • Are issued to the Direction of the company
  • Are issued to existing shareholders of the company
  • Are issued to promoters in consideration of their services
  • Are issued to the vendors for purchasing assets

  • 2. 
    Total amount of liabilities side includes :

  • Authorised Capital
  • Issued Capital
  • Subscribed Capital
  • Paid-up Capital

  • 3. 
    A company issues its shares at premium under which Section of Indian Companies Act, 2013 ?

  • 78
  • 79
  • 52
  • 53

  • 4. 
    Shares can be forfeited :

  • For failure to attend meetings
  • For non-payment of call money
  • For failure to repay the loan to the Bank
  • For which shares are pledged as a security

  • 5. 
    Shareholders get:

  • Interest
  • Dividend
  • Commission
  • Profit

  • 6. 
    According to Table E of the Companies Act, 2013 interest on calls in arrears charged should not exceed :

  • 5% p.a.
  • 6% p.a.
  • 8%p.a.
  • 10%p.a.

  • 7. 
    Premium on issue of shares is a :

  • Capital Gain
  • Capital Loss
  • General Profit
  • General Loss

  • 8. 
    Premium on issue of shares is shown on which side of the Balance sheet.

  • Assets
  • Liabilities
  • Both
  • None of these

  • 9. 
    Share Allotment Account is :

  • Personal A/c
  • Real A/c
  • Nominal A/c
  • None of these

  • 10. 
    The portion of the authorised capital which can be called-up only on the liquidation of the company is called:

  • Issued Capital
  • Called-up Capital
  • Uncalled Capital
  • Reserve Capital
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