Samacheer Kalvi 12th Accountancy Records Most Concerns 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 = \(\frac<\text>><\text>>\) = \(\frac < 440000>< 11>\) = 40,000 Shares

Question dos. Currency received beforehand away from display holders before it is indeed named – right up from the manager try (a) debited so you’re able to phone calls – into the – advance An effective/c (b) Cr to help you Phone calls – inside the – get better An effective/c (c) Dr so you can phone calls A great/c (d) none of your own a lot more than Respond to: (b) Cr so you can Calls – inside – progress A/c

Matter step three. Bonds Premium Set aside can be used for ……………… (a) Repaying interest into debentures (b) meeting the cost of issue of shares (c) Expenses tax accountability (d) Paying bonus as offers Address: (b) conference the cost of dilemma of offers

Concern cuatro. Whenever share are allowed and therefore of your following the account try paid? (a) Show capital Good/c (b) Show Allowance A great/c (c) Show Application Air conditioning (d) Investors Air conditioning Respond to: (a) Display investment Air conditioning

Question 5. Proper issue of offers is approved in order to ……………… (a) Administrators (b) Teams (c) Established Investors (d) Stockholder A great/c Respond to: (c) Established Shareholders

Question seven. At the just what price a buddies is needed to shell out appeal to the calls – into the – arrears? (a) 6% p.a good . (b) 12% p.an excellent. (c) 10% p.a beneficial. (d) 5% p.a good. Answer: (b) 12% p.an effective.

Question 8. According to the Organizations Work 2000, a buddies restricted to show can matter ……………… categories of offers. (a) step 1 (b) dos (c) step 3 Answer: (b) dos

Question nine. The maximum number of calls one to a company can make are ……………… (a) you to (b) a couple (c) about three Address: (c) around three

Question 10. Capital Set aside was found unofficially out-of balance sheets ……………… (a) Possessions (b) Accountability (c) Both Answer: (b) Liability

Concern 15. A company can also material offers because attention to own business, so you’re able to ……………… due to their functions ……………… due to their commission. Answer: Promotors, Brokers

Matter sixteen. (i) Assertion: When a stockholder non-payments to make commission from allotment/name currency express may be forfeited. (ii) Reason: Show forfeited are reissued during the par, discount, or premium. (a) (i) and you can (ii) are best (b) (i) is right (ii) is completely wrong (c) (i) and you can (iii) is wrong (d) (i) is completely wrong (ii) is right Address: (a) (i) and you can (ii) is actually correct

Collateral share investment are came back only if preference offers is actually came back

1. Authorised express financing.
2. Granted display capital.
3. Authorized show financial support.
4. Named – right up – express capital.
5. Paid-upwards – share financing and you will.
6. Put aside financing.

Question 2. What is actually implied because of the Authorised Financing? Answer: This is actually the amount produced in the administrative centre term of memorandum from organization in which the company is registered. This is the restrict number a buddies can boost when you look at the existence.

Concern step three. Exactly what do your suggest because of the Investment Set-aside? Answer: It’s one to put aside which is composed regarding resource profits such as for instance funds discounted of fixed property, funds towards the revaluation from assets, superior into the dilemma of offers and debentures, an such like.

On just what speed a family must change notice for the phone calls – in the – arrears?

Matter 4. What is implied from the Specialist-rata Allocation from offers? Answer: Pro-rata allowance is the fact allotment off shares when programs is generally allotted when you look at the less amount of offers than simply he’s got applied for.

Matter 5. Define Collateral shares. Answer: Guarantee shares are those offers which are not permitted an excellent fixed rate off dividend. The newest dividend is paid down within these offers immediately after it is paid back into the taste offers.