Bihar Board 12th Accountancy Objective Answers Chapter 6 Accounting for Share Capital<\/h3>\n
Question 1. Bihar Board 12th Accountancy Objective Answers Chapter 6 Accounting for Share Capital<\/p>\n Question 2. Question 3. Question 4. Question 5. Question 6. Bihar Board 12th Accountancy Objective Answers Chapter 6 Accounting for Share Capital<\/p>\n Question 7. Question 8. Question 9. Question 10. Question 11. Bihar Board 12th Accountancy Objective Answers Chapter 6 Accounting for Share Capital<\/p>\n Question 12. Question 13. Question 14. Question 15. Question 16. Bihar Board 12th Accountancy Objective Answers Chapter 6 Accounting for Share Capital<\/p>\n Question 17. Question 18. Question 19. Question 20. Question 21. Bihar Board 12th Accountancy Objective Answers Chapter 6 Accounting for Share Capital<\/p>\n Question 22. Question 23. Question 24. Question 25. Question 26. Question 27. Bihar Board 12th Accountancy Objective Answers Chapter 6 Accounting for Share Capital<\/p>\n Question 28. Question 29. Question 30. Bihar Board 12th Accountancy Objective Answers Chapter 6 Accounting for Share Capital<\/p>\n Question 31. Question 32. Question 33. Question 34. Bihar Board 12th Accountancy Objective Answers Chapter 6 Accounting for Share Capital<\/p>\n Question 35. Question 36. Question 37. Question 38. Bihar Board 12th Accountancy Objective Answers Chapter 6 Accounting for Share Capital<\/p>\n Question 39. Question 40. Question 41. Question 42. Bihar Board 12th Accountancy Objective Answers Chapter 6 Accounting for Share Capital<\/p>\n Question 43. Question 44. Question 45. Question 46. Bihar Board 12th Accountancy Objective Answers Chapter 6 Accounting for Share Capital<\/p>\n Question 47. Question 48. Question 49. Question 50. Question 51. Bihar Board 12th Accountancy Objective Answers Chapter 6 Accounting for Share Capital<\/p>\n Question 52. Question 53. Question 54. Bihar Board 12th Accountancy Objective Answers Chapter 6 Accounting for Share Capital<\/p>\n Question 55. Bihar Board 12th Accountancy Objective Questions and Answers Bihar Board 12th Accountancy Objective Answers Chapter 6 Accounting for Share Capital Free PDF Download of BSEB\/ CBSE Business Studies Multiple Choice Questions for Class 12 with Answers Chapter 2 Principles of Management. Business Studies MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1919,2011],"tags":[2111,2113,2108,2105,2103,2107,2104,2106,2102,2112,2109,2110],"class_list":["post-6746","post","type-post","status-publish","format-standard","hentry","category-12-commerce","category-12th-accountancy","tag-accounting-for-share-capital","tag-accounting-for-share-capital-class-12-questions","tag-accounting-for-share-capital-mcq","tag-accounting-for-share-capital-mcq-learn-cbse","tag-accounting-for-share-capital-mcq-pdf","tag-accounting-for-share-capital-mcq-questions","tag-accounting-for-share-capital-mcq-questions-class-12","tag-accounting-for-share-capital-mcq-with-answers","tag-accounting-for-share-capital-mcqs-class-12","tag-accounting-for-share-capital-numerical-questions","tag-accounting-for-share-capital-questions-and-answers","tag-accounting-share-capital-questions"],"_links":{"self":[{"href":"https:\/\/examfriends.com\/wp-json\/wp\/v2\/posts\/6746"}],"collection":[{"href":"https:\/\/examfriends.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/examfriends.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/examfriends.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/examfriends.com\/wp-json\/wp\/v2\/comments?post=6746"}],"version-history":[{"count":0,"href":"https:\/\/examfriends.com\/wp-json\/wp\/v2\/posts\/6746\/revisions"}],"wp:attachment":[{"href":"https:\/\/examfriends.com\/wp-json\/wp\/v2\/media?parent=6746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/examfriends.com\/wp-json\/wp\/v2\/categories?post=6746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/examfriends.com\/wp-json\/wp\/v2\/tags?post=6746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"12th](\"https:\/\/examfriends.com\/wp-content\/uploads\/2021\/07\/website-image-1-300x53.png\")
\nFree PDF Download of BSEB<\/a>\/ CBSE Business Studies Multiple Choice Questions for Class 12 with Answers Chapter 2 Principles of Management. Business Studies MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. Students can solve NCERT Class 12 Business Studies Principles of Management MCQs Pdf with Answers to know their preparation level. Also Class 10 Click Here<\/a><\/p>\n
\nEquity shareholders are :
\n(A) Creditors of the company
\n(B) Owners of the company
\n(C) Customers of the company
\n(D) None of these
\nAnswer:
\n(B) Owners of the company<\/p>\n
\nBalance of Forfeited Shares Account after reissue of forfeited shares is transferred to :
\n(A) Profit & Loss A\/c
\n(B) Capital Reserve Account
\n(C) General Reserve Account
\n(D) None of these
\nAnswer:
\n(B) Capital Reserve Account<\/p>\n
\nUnder the provisions of Companies Act, company can issue:
\n(A) Only equity shares
\n(B) Only preference shares
\n(C) Preference shares and equity shares
\n(D) None of these
\nAnswer:
\n(C) Preference shares and equity shares<\/p>\n
\nReight shares are the shares, which :
\n(A) Are issued to the Direction of the company
\n(B) Are issued to existing shareholders of the company
\n(C) Are issued to promoters in consideration of their services
\n(D) Are issued to the vendors for purchasing assets
\nAnswer:
\n(B) Are issued to existing shareholders of the company<\/p>\n
\nTotal amount of liabilities side includes :
\n(A) Authorised Capital
\n(B) Issued Capital
\n(C) Subscribed Capital
\n(D) Paid-up Capital
\nAnswer:
\n(D) Paid-up Capital<\/p>\n
\nA company issues its shares at premium under which Section of Indian Companies Act, 2013 ?
\n(A) 78
\n(B) 79
\n(C) 52
\n(D) 53
\nAnswer:
\n(C) 52<\/p>\n
\nShares can be forfeited :
\n( A) For failure to attend meetings
\n(B) For non-payment of call money
\n(C) For failure to repay the loan to the Bank
\n(D) For which shares are pledged as a security
\nAnswer:
\n(B) For non-payment of call money<\/p>\n
\nShareholders get:
\n(A) Interest
\n(B) Dividend
\n(C) Commission
\n(D) Profit
\nAnswer:
\n(B) Dividend<\/p>\n
\nAccording to Table E of the Companies Act, 2013 interest on calls in arrears charged should not exceed :
\n(A) 5% p.a.
\n(B) 6% p.a.
\n(C) 8%p.a.
\n(D) 10%p.a.
\nAnswer:
\n(D) 10%p.a.<\/p>\n
\nPremium on issue of shares is a :
\n(A) Capital Gain
\n(B) Capital Loss
\n(C) General Profit
\n(D) Geneal Loss
\nAnswer:
\n(A) Capital Gain<\/p>\n<\/p>\n
\nPremium on issue of shares is shown on which side of the Balance sheet.
\n(A) Assets
\n(B) Liabilities
\n(C) Both
\n(D) None of these
\nAnswer:
\n(B) Liabilities<\/p>\n
\nShare Allotment Account is :
\n(A) Personal A\/c
\n(B) Real A\/c
\n(C) Nominal A\/c
\n(D) None of these
\nAnswer:
\n(A) Personal A\/c<\/p>\n
\nThe portion of the authorised capital which can be called-up only on the liquidation of the company is called:
\n(A) Issued Capital
\n(B) Called-up Capital
\n(C) Uncalled Capital
\n(D) Reserve Capital
\nAnswer:
\n(D) Reserve Capital<\/p>\n
\nPremium on issue of shares can be used for :
\n(A) Issue of Bonus shares
\n(B) Distribution of Profit
\n(C) Transferring to General Reserve
\n(D) All these
\nAnswer:
\n(A) Issue of Bonus shares<\/p>\n
\nIf equity share of \u20b9 10 Rs. each is issued at \u20b9 12 each, it is called:
\n(A) Issued at Par
\n(B) Issued at Premium
\n(C) Issued at Discount
\n(D) None of these
\nAnswer:
\n(B) Issued at Premium<\/p>\n
\nThe maximum capital beyond which a company is not allowed to raise funds, by issue of shares is called \u2026\u2026\u2026\u2026..
\n(A) Issued capital
\n(B) Reserve capital
\n(C) Authorised capital
\n(D) Subscribed capital
\nAnswer:
\n(B) Reserve capital<\/p>\n
\nAs per Table F the maximum rate of interest on calls in advance paid is:
\n(A) 8% p.a.
\n(B) 12% p.a.
\n(C) 5 % p.a.
\n(D) None of these
\nAnswer:
\n(B) 12% p.a.<\/p>\n
\nAs per the Companies Act, only preference shares, which are redeemable within \u2026\u2026\u2026\u2026. can be issued.
\n(A) 24 years
\n(B) 22 years
\n(C) 30 years
\n(D) 20 years
\nAnswer:
\n(D) 20 years<\/p>\n
\nWhich one of the following is the registered capital of the company ?
\n(A) Paid-up capital
\n(B) Uncalled capital
\n(C) Authorised capital
\n(D) Issued capital
\nAnswer:
\n(C) Authorised capital<\/p>\n
\nDividends are usually paid on :
\n(A) Authorised Capital
\n(B) Issued Capital
\n(C) Called-up Capital
\n(D) Paid-up Capital
\nAnswer:
\n(D) Paid-up Capital<\/p>\n<\/p>\n
\nIf vendors are issued fully paid shares of \u20b9 1,00,000 in consideration of net assets of \u20b9 1,20,000 the balance of \u20b9 20,000 will be credited to :
\n(A) Goodwill Account
\n(B) Capital Reserve Account
\n(C) Vendor\u2019s Account
\n(D) Profit & Loss Account
\nAnswer:
\n(B) Capital Reserve Account<\/p>\n
\nWhich account should be dibited when shous ane issued to promoters:
\n(A) Share Capital A\/c
\n(B) Assets A\/c
\n(C) Promoter\u2019s A\/c
\n(D) Goodwill A\/c
\nAnswer:
\n(D) Goodwill A\/c<\/p>\n
\nAccording to Section 52 of the Compaines Act, the amount in the Securities Premium Account cannot be used for the purpose of:
\n(A) Issue of fully Paid Bonus Shares
\n(B) Writing Off Losses of the Company
\n(C) Writing off Preliminary Expenses
\n(D) Writing Off Commission or Discount on Issue of Shares
\nAnswer:
\n(B) Writing Off Losses of the Company<\/p>\n
\n10,000 equity shares of 10 Rs. each were issued to public at a premium of \u20b9 2 per share payable on allotment.
\nApplications were received for \u20b9 12,000 shares. Amount of securities premium account will be :
\n(A) \u20b9 20,000
\n(B) \u20b9 24,000
\n(C) \u20b9 4,000
\n(D) \u20b9 1,600
\nAnswer:
\n(A) \u20b9 20,000<\/p>\n
\nA 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. ?
\n(A) 2,500
\n(B) 2,000
\n(C) 1,500
\n(D) 3,000
\nAnswer:
\n(C) 1,500<\/p>\n
\nRight Shares are issued to :
\n(A) Promoters for the Services
\n(B) Holders of Convertible Debentures
\n(C) Existing Shareholders
\n(D) All of the above
\nAnswer:
\n(C) Existing Shareholders<\/p>\n
\nA company is registered with a share capital of \u20b9 1,00,000 Rs. divided into \u20b9 10,000 shares of \u20b9 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:
\n(A) Partnership
\n(B) Private Company
\n(C) Public Compancy
\n(D) Government Company
\nAnswer:
\n(B) Private Company<\/p>\n
\nWhich of the following should be deducted from the called-up capital to find out paid-up capital:
\n(A) Calls-in-advance
\n(B) Calls-in-arrear
\n(C) Share forfeiture
\n(D) Discount on issue of shares
\nAnswer:
\n(B) Calls-in-arrear<\/p>\n
\nReserve share capital means :
\n(A) Part of authorised capital to be called at the beginning
\n(B) Portion of uncalled capital to be called only at liquidation
\n(C) Over subscribed capital
\n(D) Under subscribed capital
\nAnswer:
\n(B) Portion of uncalled capital to be called only at liquidation<\/p>\n
\nWhen full amount is due on any call but it is not received, then the short fall is debited to :
\n(A) Calls-in-advance
\n(B) Calls-in-arrear
\n(C) Share Capital
\n(D) Suspense Account
\nAnswer:
\n(B) Calls-in-arrear<\/p>\n<\/p>\n
\nThe difference between subscribed capital and called up capital is called :
\n(A) Calls-in-arear
\n(B) Calls-in-advance
\n(C) Uncalled capital
\n(D) None of these
\nAnswer:
\n(C) Uncalled capital<\/p>\n
\nWhich statement is issued before the issue of shares ?
\n(A) Prospectus
\n(B) Articles of Association
\n(C) Memorandum of Association
\n(D) All of these
\nAnswer:
\n(D) All of these<\/p>\n
\nCompany can utilise securities premium for :
\n(A) Writing off loss incurred on revaluation of asset
\n(B) Issuing fully paid bonus shares
\n(C) Paying divided
\n(D) Writing off trading loss
\nAnswer:
\n(B) Issuing fully paid bonus shares<\/p>\n
\nWhen a company issues fully paid shares to promoters
\nfor their services, the journal entry will be:
\n(A) Bank A\/c Dr.
\nTo Share Capital A\/c
\n(B) Good will A\/c Dr.
\nTo Share Capital A\/c
\n(C) Promoters Personal A\/c Dr.
\nTo Share Capital A\/c
\n(D) Promotion Expenses A\/c Dr.
\nTo Share Capital A\/c
\nAnswer:
\n(B) GoodwillA\/c Dr.
\nTo Share Capital A\/c<\/p>\n
\nWhen a company issues shares at a premium, amount of premium may be received by the company :
\n(A) Along with application money
\n(B) Along with application money
\n(C) Along with calls
\n(D) Along with any of the above
\nAnswer:
\n(D) Along with any of the above<\/p>\n
\nShare Application Account is :
\n(A) Personal Account
\n(B) Real Account
\n(C) Nominal\/ Account
\n(D) None of these
\nAnswer:
\n(A) Personal Account<\/p>\n
\nSecrities Premium can not be applied :
\n(A) For paying dividend to members
\n(B) For issuing bonus shares to members
\n(C) For writing off preliminary expenses of company
\n(D) For writing off discount on issue of debentures
\nAnswer:
\n(A) For paying dividend to members<\/p>\n
\nA joint stock company is :
\n(A) An artificial legal person
\n(B) Natural person
\n(C) A general person
\n(D) None of these
\nAnswer:
\n(A) An artificial legal person<\/p>\n
\nEquity shareholders are :
\n(A) Customers
\n(B) Creditors
\n(C) Debtors
\n(D) Owners
\nAnswer:
\n(D) Owners<\/p>\n
\nReserve capital means :
\n(A) A part of subscribed uncalled capital
\n(B) Reserve Profit
\n(C) A part of Capital Reserve
\n(D) A part of Capital Redemption Reserve
\nAnswer:
\n(A) A part of subscribed uncalled capital<\/p>\n<\/p>\n
\nSecurities Premimum is shown undr which head in the Balance Sheet ?
\n(A) Reserve and Surplus
\n(B) Miscellaneous Expenditure
\n(C) Current Liabilities
\n(D) Share Capital
\nAnswer:
\n(A) Reserve and Surplus<\/p>\n
\nShares may be issued :
\n(A) At par value
\n(B) At FYemimum
\n(C) At Discount
\n(D) Both (A) & (B)
\nAnswer:
\n(D) Both (A) & (B)<\/p>\n
\nCapital included in the liabilities of a company is called :
\n(A) Authorised Capital
\n(B) Issued Capital
\n(C) Subscribed Capital
\n(D) Paid-up Capital
\nAnswer:
\n(D) Paid-up Capital<\/p>\n
\nAn issue of shares which is not a public issue but offered to a selected group of persons is called :
\n(A) Public offer
\n(B) Private placement of shares
\n(C) Initial public offer
\n(D) None of these
\nAnswer:
\n(D) None of these<\/p>\n
\nIf a share of \u20b9 10 on which \u20b9 8 has been called and \u20b9 6 is paid is forfeited, the Share Capital Account should be debited with :
\n(A) \u20b9 8
\n(B) \u20b9 10
\n(C) \u20b9 6
\n(D) \u20b9 2
\nAnswer:
\n(A) \u20b9 8<\/p>\n
\nWhen shares are forfeited, the Share Capital Account is debited with:
\n(A) Nominal value of Shares
\n(B) Market value of Shares
\n(C) Called-up value of Shares
\n(D) Paid-up value of Shares
\nAnswer:
\n(C) Called-up value of Shares<\/p>\n
\nIf the loss on reissue of shares is less than the amount forfeited, the \u2018surplus\u2019 or profit is transferred to :
\n(A) Capital Reserve
\n(B) Revenue Reserve
\n(C) Profit & Loss A\/c
\n(D) None of these
\nAnswer:
\n(A) Capital Reserve<\/p>\n
\nJ. Ltd. re-issue 2,000 shares which where forfeited by crediting share forfeiture account by \u20b9 3,000. These shares were re-issued at \u20b9 9 per share. The amount transferred to capital reserve will be :
\n(A) \u20b9 3,000
\n(B) \u20b9 2,000
\n(C) \u20b9 1000
\n(D) Nil
\nAnswer:
\n(C) \u20b9 1000<\/p>\n
\nIf a share of \u20b9 10 on which \u20b9 8 has been paid up is forfeited, it can be reissued at the minimum price of\u2026\u2026.
\n(A) 10 Rs. per share
\n(B) 8 Rs. per share
\n(C) 5 Rs. per share
\n(D) 2 Rs. per share
\nAnswer:
\n(D) 2 Rs. per share<\/p>\n
\nZ & Co. forfeited 100 shares of 10 Rs. each for non-payment of final call of 2 Rs. per share. All the forfeited shares were re-issued at 9 Rs. per share. What amount will be transferred to Capital Reserve A\/c ?
\n(A) 700 Rs.
\n(B) 800 Rs.
\n(C) 900Rs.
\n(D) 1,000 Rs.
\nAnswer:
\n(A) 700 Rs.<\/p>\n<\/p>\n
\nForfeiture of shares results in the reduction of:
\n(A) Paid-up Capital
\n(B) Authorised Capital
\n(C) Fixed Assets
\n(D) Reserve Capital
\nAnswer:
\n(A) Paid-up Capital<\/p>\n
\nAmount of calls in Arrear is :
\n(A) Added to capital
\n(B) Deducted from share capital
\n(C) Shown on the assets side
\n(D) Shown an the equity and liability side
\nAnswer:
\n(B) Deducted from share capital<\/p>\n
\nDiscount allowled on reissue of forfeited shares is debited to:
\n(A) Share Capital A\/c
\n(B) Share Forfeiture A\/c
\n(C) Profit & Loss A\/c
\n(D) General Reserve A\/c
\nAnswer:
\n(B) Share Forfeiture A\/c<\/p>\n
\nA company has\u2026\u2026\u2026\u2026
\n(A) Separate Legal Entity
\n(B) Perpetual Existence
\n(C) Limited Liability
\n(D) All the above
\nAnswer:
\n(D) All the above<\/p>\n
\nThe liability of members in a company is :
\n(A) Limited
\n(B) Unlimited
\n(C) Stable
\n(D) Fluctuating
\nAnswer:
\n(A) Limited<\/p>\nAccountancy Objective Answers Chapter 6 Accounting for Share Capital Accountancy Objective Answers Chapter 6 Accounting for Share Capital\u00a0 Accountancy Objective Answers Chapter 6 Accounting for Share Capital\u00a0 Accountancy Objective Answers Chapter 6 Accounting for Share Capital\u00a0 Accountancy Objective Answers Chapter 6 Accounting for Share Capital\u00a0 Accountancy Objective Answers Chapter 6 Accounting for Share Capital\u00a0 <\/span>\r\nAccountancy Objective Answers Chapter 6 Accounting for Share Capital\u00a0 Accountancy Objective Answers Chapter 6 Accounting for Share Capital\u00a0 Accountancy Objective Answers Chapter 6 Accounting for Share Capital\u00a0 Accountancy Objective Answers Chapter 6 Accounting for Share Capital\u00a0 Accountancy Objective Answers Chapter 6 Accounting for Share Capital\u00a0 Accountancy Objective Answers Chapter 6 Accounting for Share Capital\u00a0<\/span>\r\n\r\n\r\n<\/pre>\n","protected":false},"excerpt":{"rendered":"