Samacheer Kalvi 12th Accountancy Records Additional Inquiries and you can Responses

Samacheer Kalvi 12th Accountancy Records Additional Inquiries and you can Responses

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

Matter dos. Money gotten beforehand out of share proprietors prior to it being actually named – up by movie director is (a) debited so you can calls – in – progress A beneficial/c (b) Cr in order to Phone calls – inside – improve A/c (c) Dr so you’re able to calls A beneficial/c (d) nothing of your a lot more than Address: (b) Cr in order to Calls – when you look at the – progress A/c

Matter 3. Securities Premium Put aside can be used for ……………… (a) Paying interest into debentures (b) meeting the price of dilemma of shares (c) Expenses taxation responsibility (d) Paying dividend once the shares Address: (b) conference the expense of problem of offers

Question 4. Whenever express are allowed and this of your own following the account are paid? (a) Display resource Good/c (b) Show Allocation A beneficial/c (c) Display Application Air cooling (d) Shareholders Air-conditioning Address: (a) Display financial support Air cooling

Concern 5. Right dilemma of offers is issued in order to ……………… (a) Administrators (b) Group (c) Present Shareholders (d) Stockholder A/c Respond to: (c) Current Investors

Concern seven. Within just what price a pals is needed to shell out notice toward calls – into the – arrears? (a) 6% p.good. (b) 12% excellent. (c) 10% p.a great. (d) 5% p.a beneficial. Answer: (b) 12% p.a beneficial.

Matter 8. According to Organizations Act 2000, a company restricted to display normally procedure ……………… types of shares. (a) step 1 (b) dos (c) step 3 Address: (b) 2

Concern 9. The utmost quantity of phone calls that a buddies produces is actually ……………… (a) that (b) a few (c) around three Answer: (c) about three

Matter ten. Financing Reserve was found on the side regarding equilibrium sheets ……………… (a) Assets (b) Accountability (c) One another Address: (b) Responsibility

Concern fifteen. A family may also matter shares once the said for company, so you’re able to ……………… for their features ……………… due to their payment. Answer: Promotors, Brokers

Question sixteen. (i) Assertion: Whenever a stockholder non-payments in making percentage from allocation/name money display could be forfeited. (ii) Reason: Express sacrificed is going to be reissued at the level, dismiss, otherwise premium. (a) (i) and (ii) is best (b) (i) is correct (ii) is incorrect (c) (i) and (iii) is wrong (d) (i) was incorrect (ii) is right Answer: (a) (i) and you will (ii) was correct

Guarantee display financial support try returned as long as preference shares is actually came back

  1. Authorised show capital.
  2. Awarded share financing.
  3. Subscribed display funding.
  4. Named – right up – express funding.
  5. Paid-right up – share financing and you can.
  6. Put aside resource.

Question 2. What exactly is designed from the Authorised Financial support? Answer: This is actually the count manufactured in the capital condition of the memorandum of connection that the business is actually joined. It will be the limit matter a company can raise when you look at the existence.

Question step three. Precisely what do your indicate because of the Funding Set aside? Answer: It is you to definitely reserve which is authored from money earnings for example profit available for sale from repaired assets, money into revaluation of possessions, advanced towards issue of shares and you can debentures, an such like.

At just what rates a buddies must alter desire toward phone calls – during the – arrears?

Concern cuatro. What is actually intended from the Professional-rata Allocation away from shares? Answer: Pro-rata allotment is that allowance from offers when software can be allotted during the quicker number of offers than just they have removed.

Matter 5. Describe Security offers. Answer: Equity shares are those shares which aren’t entitled to a beneficial fixed rate away from bonus. The fresh bonus are paid down within these offers once it’s reduced on liking shares.

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