accounts 2
Quiz by Deepika Upadhyay
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- Q1
The part of authorized capital which can be called up only on winding up is known as
issued capital
none
reserve capital
unsubscribed capital
45s - Q2
If a share of rp 10 on which rp 10 is called - up and rp 8 is paid -up , the share is classified as
none
subscribed but fully paid - up under subscribed capital
issued capital
subscribed but not fully paid - up under subscribed capital
45s - Q3
If a share of rp 10 on which rp 8 is called up the share is classified as
subscribed but not fully paid up under subscribed capital
none
issued capital
subscribed but fully paid up under subscribed capital
45s - Q4
balance in the forfeited shares account is shown in the balance sheet under the head
reserves and surplus
unsecured loans
current liabilities and provisions
share capital
45s - Q5
When shares are forested , share capital account is debited with
paid up value of shares
called- up values of shares
nominal value of shares
market value of shares
45s - Q6
Gain on the forfeited shares that have been reissued is transferred to
capital reserve
none
goodwill account
revenue reserve
45s - Q7
Shares on which the company has not called the entire nominal value is shown in the note to accounts on share capital under subscribed capital as
Subscribed but not fully paid up
none of the above
any of the above
Subscribed but fully paid up
45s - Q8
Shares on which the company has called the entire nominal value and has received it is shown in the note to accounts on share capital under subscribed capital as
any of the above
Subscribed but not fully paid
none of the above
Subscribed but fully paid
45s - Q9
Debentures redeemable after 10 years of issue are shown as
short term borrowings
other long - term borrowings
other short - term borrowings
long term borrowings
45s - Q10
1,000; 10 % debentures of rp 100 each out of which 500; 10; debentures of rp 100 each shown as long term borrowings are redeemable within 12 months of the date of balance sheet . the debentures to be redeemed will be shown in the current liabilities under :
none
current liabilities and provisions
reserves and surplus
share capital
45s - Q11
Indicate the term which appears as short - term provisions
provident fund payable
provision for tax
none
interest accrued but not due
45s - Q12
Dividend is paid on
subscribed capital that is paid -up
authorized capital
issued capital
none
45s