If a share of ₹ 10 on which ₹ 8 has been called and ₹ 6 is paid is forfeited, the Share Capital Account should be debited with :

  1. Home
  2. Back

Question:
If a share of ₹ 10 on which ₹ 8 has been called and ₹ 6 is paid is forfeited, the Share Capital Account should be debited with :

1. ₹ 8

2.₹ 10

3. ₹ 6

4. ₹ 2

Posted Date:-2022-10-19 09:07:46

More MCQS Questions and answers

  1. A company has…………
  2. A company issues its shares at premium under which Section of Indian Companies Act, 2013 ?
  3. A joint stock company is :
  4. According to Table E of the Companies Act, 2013 interest on calls in arrears charged should not exceed :
  5. Amount of calls in Arrear is :
  6. An issue of shares which is not a public issue but offered to a selected group of persons is called :
  7. As per Table F the maximum rate of interest on calls in advance paid is:
  8. As per the Companies Act, only preference shares, which are redeemable within …………. can be issued.
  9. Balance of Forfeited Shares Account after reissue of forfeited shares is transferred to :
  10. Capital included in the liabilities of a company is called :
  11. Company can utilise securities premium for :
  12. Discount allowed on reissue of forfeited shares is debited to:
  13. Equity shareholders are :
  14. Forfeiture of shares results in the reduction of:
  15. If a share of ₹ 10 on which ₹ 8 has been called and ₹ 6 is paid is forfeited, the Share Capital Account should be debited with :
  16. If a share of ₹ 10 on which ₹ 8 has been paid up is forfeited, it can be reissued at the minimum price of…….
  17. If equity share of ₹ 10 Rs. each is issued at ₹ 12 each, it is called:
  18. If the loss on reissue of shares is less than the amount forfeited, the ‘surplus’ or profit is transferred to :
  19. If the total assets are ₹ 3,25,000 and the total outside liabilities ₹ 45,000 then the amount of all partner’s capital will be:
  20. Insolvency of a partner will come under what type of dissolution of a firm ?
  21. J. Ltd. re-issue 2,000 shares which where forfeited by crediting share forfeiture account by ₹ 3,000. These shares were re-issued at ₹ 9 per share. The amount transferred to capital reserve will be :
  22. On dissolution of a firm, out of the proceeds received from the sale of assets will be paid first of all:
  23. On dissolution of a firm, realisation account is debited with:
  24. On firm’s dissolution, which one of the following account should be prepared at the last ?
  25. Premium on issue of shares can be used for :
  26. Premium on issue of shares is a :
  27. Premium on issue of shares is shown on which side of the Balance sheet.
  28. Reight shares are the shares, which :
  29. Reserve capital means :
  30. Reserve share capital means :
  31. Secrities Premium can not be applied :
  32. Securities Premium is shown under which head in the Balance Sheet ?
  33. Share Allotment Account is :
  34. Share Application Account is :
  35. Shareholders get:
  36. Shares can be forfeited :
  37. Shares may be issued :
  38. The difference between subscribed capital and called up capital is called :
  39. The liability of members in a company is :
  40. The maximum capital beyond which a company is not allowed to raise funds, by issue of shares is called …………..
  41. The portion of the authorised capital which can be called-up only on the liquidation of the company is called:
  42. Total amount of liabilities side includes :
  43. Under the provisions of Companies Act, company can issue:
  44. What will be the total assets (except cash) of the firm from the following: if Creditor ₹ 15,000, Partner’s loan ₹ 10,000, Partners’ capital ₹ 40,000. Cash in hand ₹ 5,000
  45. When a company issues shares at a premium, amount of premium may be received by the company :
  46. When full amount is due on any call but it is not received, then the short fall is debited to :
  47. When shares are forfeited, the Share Capital Account is debited with:
  48. Which one of the following is the registered capital of the company ?
  49. Which statement is issued before the issue of shares ?
  50. Z & 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 ?
Search
R4R Team
R4Rin Top Tutorials are Core Java,Hibernate ,Spring,Sturts.The content on R4R.in website is done by expert team not only with the help of books but along with the strong professional knowledge in all context like coding,designing, marketing,etc!