Samacheer Kalvi 12th Accountancy Company accounts Even more Inquiries and you will Solutions
Total Amount = ? 4,40,000 Face value of shares is 10. Premium 10% = Premium amt Rs. 1. Issue Price = Face Value + Securities Premium 10 + 1 = 11 No. of Equity Shares = \(\frac<\text>><\text>>\) = \(\frac < 440000>< 11>\) = 40,000 Shares
Question dos. Money obtained in advance regarding show owners prior to it being in reality titled – up because of the movie director was (a) debited to help you calls – for the – improve An effective/c (b) Cr to help you Calls – for the – progress Good/c (c) Dr in order to calls A/c (d) nothing of over Answer: (b) Cr in order to Phone calls – during the – advance An excellent/c
Matter 3. Ties Superior Reserve are used for ……………… (a) Paying interest on the debentures (b) appointment the expense of issue of shares (c) Paying income tax accountability (d) Paying bonus because offers Address: (b) meeting the price of problem of shares
Matter 4. Whenever display are allowed and this of your own after the membership is credited? (a) Express financial support An excellent/c (b) Express Allowance A beneficial/c (c) Show App Air-conditioning (d) Shareholders Ac Answer: (a) Express funding Air-con
Question 5. Correct issue of offers is given to help you ……………… (a) Directors (b) Staff (c) Current Shareholders (d) Shareholder A great/c Address: (c) Existing Shareholders
Matter seven. During the exactly what rates a friends is needed to pay interest toward calls – inside – arrears? (a) 6% p.an excellent. (b) 12% p.good. (c) 10% p.a beneficial. (d) 5% p.a beneficial. Answer: (b) 12% p.an excellent.
Question 8. With respect to the Companies Operate 2000, a buddies limited to share can also be point ……………… kinds of shares. (a) step one (b) 2 (c) step 3 Answer: (b) 2
Question 9. Maximum number of phone calls you to definitely a friends renders try ……………… (a) that (b) two (c) three Answer: (c) three
Matter 10. Money Reserve was revealed privately from balance sheet sets ……………… (a) Assets (b) Liability (c) One another Answer: (b) Accountability
Concern 15. A pals can also situation shares while the thought to possess team, so you’re able to ……………… because of their attributes ……………… because of their fee. Answer: Promotors, Agents
Question 16. (i) Assertion: When a shareholder defaults for making commission away from allotment/call money display is sacrificed. (ii) Reason: Express forfeited should be reissued during the level, discount, otherwise advanced. (a) (i) and you will (ii) try proper (b) (i) is correct (ii) is wrong (c) (i) and (iii) is actually wrong (d) (i) is wrong (ii) is correct Answer: (a) (i) and you will (ii) try best
Equity display funding is came back as long as preference shares try returned
- Authorised express financing.
- Awarded share financing.
- Subscribed express investment.
- Titled – upwards – display money.
- Paid-up – share investment and you will.
- Set-aside capital.
Concern dos. What’s designed because of the Authorised Funding? Answer: Here is the number stated in the administrative centre clause of your own memorandum regarding association with which the firm is actually registered. This is the limit amount a pals can enhance into the lifetime.
Matter step 3. Exactly what do your mean by Investment Set-aside? Answer: It is you to put aside that’s created regarding investment profits such as for instance money for sale out of repaired possessions, profit on the revaluation from possessions, superior to your dilemma of offers and debentures, etcetera.
From the what rates a family is required to changes focus on phone calls – when you look at the – arrears?
Matter cuatro. What is actually created of the Specialist-rata Allotment regarding offers? Answer: Pro-rata allotment is the fact allotment out-of shares whenever apps may be allotted within the shorter amount of offers than just he has got applied for.
Question 5. Establish Guarantee shares. Answer: Equity offers are the ones shares that aren’t permitted a repaired rates out-of bonus. This new bonus was paid back in these offers after it’s paid off towards the preference shares.