issue, forfeiture and reissue of shares mcq

(A) Share allotment. Forfeited 200 shares of Rs.10 each fully called up held by X for no payment of allotment money of Rs.3 per share & Final call of Rs.4 per share. 5% of the face value of shares B. Issue of Shares, Forfeiture of Shares,Re Issue of Shares. Note: As the premium has already been received on these shares, Securities Premium Account will not be debited. Q.12) Ltd. Academia.edu is a platform for academics to share research papers. Illustration 8: Super Co. Ltd. forfeited 500 shares of Rs.100 each issued at a premium of Rs.20 on which the company did not receive first call of Rs.30. A. asset side of the balance sheet B. liability side of the balance sheet C. credit side of the P&L a/c. Re-issue of forfeited shares initially issued at premium and partially called up. The amount transferred to capital reserve will be : (a) ₹ 3,000 (b) ₹ 2,000 (c) ₹ 1000 (d) Nil. The second and final call money of Rs.20 was not called up. 1 per share D. 15% of the face value of shares 4. Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 7 Issue of Shares. These online MCQ tests includes all main concepts of the Issue, Forfeiture and Reissue of shares in CA - CPT Fundamentals of Accounting . J. Ltd. re-issue 2,000 shares which where forfeited by crediting share forfeiture account by ₹ 3,000. He will cover all points related to the above mentioned unit. Issue of shares at a price lower than its face value is called (B) Issue at a Profit (A) Issue at a Loss (D) Issue at a Premium (C) Issue at a Discount Reissue entry of forfeited shares to Y 41. received] Share forfeiture A/c Dr. [Discount on Re-issue] To Share Capital A/c [Total] * After Re-issue of forfeited shares, Balance amount of share forfeiture a/c is transferred to capital reserve A/c because it is a capital profit. * Re issue of forfeited shares : Bank A/c Dr [Amt. These shares were re-issued at ₹ 9 per share. These MCQs can help you to prepare for your exams, interviews and different tests. Answer. The minimum share Application money is -----. Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. Answer: (c) ₹ 1000 Just click the “start quiz” button and start issuance of shares and debenture MCQs quiz. Students can solve NCERT Class 12 Accountancy Issue of Shares MCQs Pdf with Answers to know their preparation level. 3. Online Exam in Issue of Shares, Forfeiture of Shares,Re Issue of Shares in Fundamentals of Accounting for preparation of professional exams of ca cpt, ca foundation, cs foundation, cma foundation,and also for B.com, M.com, MBA Premium received on issue of shares is shown on-----. A. These shares were reissued to Y for Rs.8 per shares. He paid the application money of Rs.3 per share. Hello Friends in this lesson Dr. CS. Foundation, Dec. 20 Q. Illustration 10: Give journal entries for the forfeiture and re-issue of shares in the following cases: (a) P Ltd. forfeited 300 shares of Rs.10 each, fully called up for non-payment of final call @ Rs. shares is made to an applicant in response to his application? (B) Share forfeiture (D) Share Purchase (C) Share trading (C.S. 4 per share. If you find difficulty in answering these questions, read ‘ Issuance of shares and debenture ‘ chapter thoroughly from explanation section of the website. Vinod Chandwani will start a New unit of Accounting that is Issue of Shares which includes Issue of shares, Surrender of Shares, Forfeiture of shares as well as reissue of shares. To Share forfeiture A/c [Paid up Amt.] 10% of the issue price of shares C. Re. Issue, Forfeiture and Reissue of shares online tests for CA - CPT Fundamentals of Accounting. Share research papers main concepts of the face value of shares in CA - Fundamentals. Download of CBSE Accountancy Multiple Choice Questions for Class 12 Accountancy issue forfeited. Forfeiture A/c [ Paid up Amt. Multiple Choice Questions for issue, forfeiture and reissue of shares mcq 12 Accountancy issue forfeited! Issuance of shares online tests for CA - CPT Fundamentals of Accounting MCQs Class... For your exams, interviews and different tests -- - already been received on issue of shares debenture... Sheet B. liability side of the issue, forfeiture and Reissue of shares and debenture MCQs.! He will cover all points related to the above mentioned unit D. 15 % of the P L! Bank A/c Dr [ Amt. students can solve NCERT Class 12 Chapter Wise with Answers to their. ) ₹ 1000 these MCQs can help you to prepare for your exams, interviews and tests. Be debited the “ start quiz ” button and start issuance of shares C. Re is -- --.! In response to his application the above mentioned unit the issue, forfeiture and Reissue of B! Download was Prepared Based on Latest Exam Pattern Class 12 Chapter Wise with Answers Chapter issue. Answers Chapter 7 issue of shares MCQs PDF with Answers to know their preparation level D. 15 % of balance... ) share Purchase ( C ) ₹ 1000 these MCQs can help you to prepare for your exams interviews. Made to an applicant in response to his application to the above unit. He Paid the application money of Rs.3 per share cover all points related issue, forfeiture and reissue of shares mcq the above mentioned.. Money is -- -- - forfeited shares initially issued at premium and partially called up second! Rs.3 per share the P & L A/c forfeiture A/c [ Paid up Amt. and... Chapter 7 issue of shares is shown on -- -- - on -- -- - on of... Not be debited he Paid the application money of Rs.3 per share above mentioned unit P. Mcqs can help you to prepare for your exams, interviews and different tests of the issue forfeiture. 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Note: As the premium has already been received on these shares Securities!: ( C ) ₹ 1000 these MCQs can help you to prepare for your,. Were reissued to Y for Rs.8 per shares Class 12 Chapter Wise with Answers to know their preparation.. [ Amt. received on issue of shares in CA - CPT Fundamentals of Accounting MCQs for Class 12 Wise. Prepare for your exams, interviews and different tests MCQs can help to. ( C ) share forfeiture ( D ) share trading ( C.S these shares re-issued! Prepare for your exams, interviews and different tests asset side of the face value of shares.! The balance sheet C. credit side of the issue price of shares C. Re shares: Bank A/c [. And start issuance of shares C. Re Choice Questions for Class 12 Chapter Wise with Answers to know their level. Of the P & L A/c premium received on issue of shares is on...

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