CBSE  /  Class 12  /  Accountancy  /  Accounting for Share Capital

  • 1. 
    10,000 equity shares of 10 Rs. each were issued to public at a premium of ₹ 2 per share payable on allotment. Applications were received for ₹ 12,000 shares. Amount of securities premium account will be :

  • ₹ 20,000
  • ₹ 24,000
  • ₹ 4,000
  • ₹ 1,600

  • 2. 
    A Ltd. purchased a machinery for 1,80,000 Rs. for which it is paying by issue of shares of 100 Rs. each at 20% premium. How many shares will be issued as consideration. ?

  • 2,500
  • 2,000
  • 1,500
  • 3,000

  • 3. 
    Right Shares are issued to :

  • Promoters for the Services
  • Holders of Convertible Debentures
  • Existing Shareholders
  • All of the above

  • 4. 
    A company is registered with a share capital of ₹ 1,00,000 Rs. divided into ₹ 10,000 shares of ₹ 10 each. Of these shares 9,990 shares are held by Rajeev and 10 Shares are held by Sanjay. In the eye of law it is treated as:

  • Partnership
  • Private Company
  • Public Compancy
  • Government Company

  • 5. 
    Which of the following should be deducted from the called-up capital to find out paid-up capital:

  • Calls-in-advance
  • Calls-in-arrear
  • Share forfeiture
  • Discount on issue of shares
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