Samacheer Kalvi twelfth Accountancy Records Even more Questions and you may Answers

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Samacheer Kalvi twelfth Accountancy Records Even more Questions and you may Answers

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 = \(\frac>>\) = \(\frac \) = 40,000 Shares

Question dos. Currency received beforehand out of display proprietors before it is indeed named – up because of the movie director is (a) debited so you can calls – inside the – progress An excellent/c (b) Cr so you’re able to Calls – in the – improve An excellent/c (c) Dr so you can phone calls Good/c (d) none of one’s significantly more than Address: (b) Cr in order to Phone calls – during the – progress A/c

Concern 3. Bonds Advanced Reserve are used for ……………… (a) Repaying interest on debentures (b) appointment the cost of dilemma of shares (c) Paying income tax responsibility (d) Expenses dividend because the shares Respond to: (b) fulfilling the price of dilemma of shares

Matter cuatro. Whenever express are permitted which of the after the account try paid? (a) Show investment An effective/c (b) Show Allowance An effective/c (c) Display Software Air-conditioning (d) Investors Air conditioning Address: (a) Show investment Ac

Concern 5. Proper issue of shares are granted so you’re able to ……………… (a) Administrators (b) Professionals (c) Present Shareholders (d) Stockholder A beneficial/c Answer: (c) Established Investors

Matter eight. In the what rate a pals must pay appeal on the phone calls – in the – arrears? (a) 6% p.good. (b) 12% p.good. (c) 10% p.good. (d) 5% p.a. Answer: (b) 12% p.a.

Concern 8. According to the Enterprises Operate 2000, a pals limited by display can be material ……………… kinds of offers. (a) step one (b) dos (c) step three Respond to: (b) dos

Question 9. The utmost amount of calls that a friends renders is actually ……………… (a) one to (b) a few (c) around three Address: (c) about three

Question 10. Resource Set aside is actually revealed on the side out-of equilibrium sheet sets ……………… (a) Possessions (b) Responsibility (c) One another Respond to: (b) Liability

Matter 15. A family can also procedure offers since the believe to possess business, in order to ……………… for their properties ……………… for their payment. Answer: Promotors, Brokers

Question sixteen. (i) Assertion: Whenever a stockholder defaults in making commission from allocation/telephone call currency share is generally sacrificed. (ii) Reason: Display sacrificed can be reissued within par, dismiss, otherwise superior. (a) (i) and (ii) try best (b) (i) is correct (ii) is actually completely wrong (c) (i) and you may (iii) was wrong (d) (i) try incorrect (ii) is right Respond to: (a) https://datingranking.net/escort-directory/orlando/ (i) and (ii) was proper

Equity share financing try came back on condition that preference shares try returned

  1. Authorised display financing.
  2. Granted share funding.
  3. Subscribed show resource.
  4. Entitled – up – express investment.
  5. Paid-upwards – show money and you will.
  6. Set-aside capital.

Concern dos. What is actually suggested from the Authorised Financial support? Answer: This is basically the number made in the capital term of memorandum out-of connection that the business is actually inserted. This is the limit number a family can enhance in lifetime.

Matter 3. Precisely what do your indicate by the Capital Set aside? Answer: It is one set-aside that’s authored off funding winnings such as for example earnings for sale away from fixed property, funds on revaluation out of assets, advanced towards dilemma of shares and debentures, an such like.

In the what speed a friends is needed to transform notice to the phone calls – from inside the – arrears?

Matter 4. What is implied because of the Specialist-rata Allowance out-of shares? Answer: Pro-rata allowance is the fact allocation off shares when programs are allocated inside the shorter amount of offers than he has applied for.

Matter 5. Identify Equity offers. Answer: Security offers are the ones offers which aren’t entitled to good repaired price out-of bonus. New bonus was paid off throughout these offers once it is paid down toward taste shares.

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