Company Accounts
Commerce ⇒ Accountancy
Company Accounts starts at 12 and continues till grade 12.
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A company forfeited 200 shares of ₹10 each, ₹8 called up, for non-payment of first and final call of ₹3 per share. These shares were reissued at ₹7 per share as fully paid. Calculate the amount transferred to Capital Reserve.
A company forfeited 500 shares of ₹10 each, ₹7 called up, for non-payment of allotment and first call money. Calculate the amount to be debited to Share Capital Account.
A company has 10,000 equity shares of ₹10 each, fully paid up. It issues bonus shares in the ratio of 1:4. How many bonus shares will be issued?
A company issued 1,000 shares of ₹10 each at a premium of ₹2 per share. The entire amount was received except the premium on 100 shares. What amount will be shown as 'Calls in Arrears'?
A company issued 5,000 shares of ₹10 each at par. The entire amount was payable on application. All shares were subscribed and money received. Pass the journal entry for receipt of application money.
A company issues 1,000 debentures of ₹100 each at a discount of 10%. What is the amount of discount on issue of debentures?
A company issues 10,000 shares of ₹10 each at a premium of ₹2 per share. What is the total amount of securities premium received?
A company issues 2,000 debentures of ₹100 each at par, redeemable at a premium of 5%. What is the total amount payable on redemption?
A company reissues 400 forfeited shares of ₹10 each, ₹7 called up, at ₹8 per share. What amount will be transferred to Capital Reserve?
Define 'debenture' as per the Companies Act, 2013.
Explain the accounting treatment for interest on calls in advance.
Explain the difference between equity shares and preference shares.
Explain the term 'bonus shares'.
Explain the term 'pro-rata allotment'.
If a company receives applications for 15,000 shares but only 10,000 shares are issued, what is this situation called?
State any two conditions under which a company can issue shares at a premium.
State any two differences between shares and debentures.
State any two purposes for which the Securities Premium Account can be utilised as per the Companies Act, 2013.
What is meant by 'authorised capital' of a company?
What is meant by 'calls in arrears'?
