Company Accounts
Description: CPT - 9 | |
Number of Questions: 20 | |
Created by: Jatin Goyal | |
Tags: CPT - 9 Company Accounts |
Under the capital clause of the Memorandum of Association of the company, it is must to state
Common seal means the official signature of
As per the Companies Act, preference shares are redeemable within
Reserve capital refers to
The issue price of a share can be demanded
Maximum amount that can be collected as premium as a percentage of face value is
An authorised capital refers to
If a shareholder does not pay his dues on allotment, for the amount due, there will be a
Which of the following is not correct?
A Ltd. forfeited 50 shares of Rs. 100 each issued at 10% premium on which allotment money of Rs. 30 per share (including premium) and first call of Rs. 30 per share were not received, the second and final call of Rs. 20 per share was not yet called. If 20 of these shares were re - issued as Rs. 80 paid - up for Rs. 90 per share, the Profit on re - issue is -
1000 shares of Rs. 10 each issued at par were forfeited for the non payment of the final call of Rs. 2 per share. These were re-issued @ Rs. 8 per share fully paid up. The profit on re-issue was
A transfer to Capital Redemption Reserve is required u/s 55 when preference shares are redeemed
A company forfeited 100 equity shares of Rs. 100 each issued at a premium of 50% (to be paid at the time of allotment) on which first call money of Rs. 30 per share was not received, final call of Rs. 20 is yet to be made. These shares were subsequently re - issued at Rs. 70 per share as Rs. 80 paid up. The profit on re - issue is
Debenture interest
Which of the following can be utilised for redemption of preference shares?
Redemption of preference shares
To redeem 15% Pref. Shares of Rs. 1, 00, 000 at 5% premium, Rs. 10, 000, 12%. Debentures of Rs. 100 each are issued at a discount of 10%. The amount to be transferred to Capital Redemption Reserve is
Which of the following is false with respect to debentures?
Which of the following statements is false?
In the balance sheet of a company, Debentures account appears under the head