NCERT Class 12 Accountancy MCQ : Accounting for Share Capital
Unlock the secrets of “Accounting for Share Capital” with our comprehensive MCQs page, meticulously curated from previous year papers of diverse exams, including UPSC IAS and more. Dive into a knowledge reservoir that spans various sectors, offering a valuable resource for aspirants seeking to master this crucial aspect of accounting.
Our MCQs cover a spectrum of topics related to share capital, providing a nuanced understanding of its accounting principles. With questions sourced from reputable exams, users can confidently prepare for a variety of scenarios, ensuring a well-rounded grasp of share capital concepts. Whether you’re a UPSC IAS candidate or preparing for exams in different sectors, this page is your go-to destination for targeted practice.
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NCERT Class 12 Accountancy : Accounting for Share Capital MCQ – NCERT Class 12 MCQ
Question:
Reserve share capital means
A
B
C
D
Question:
When full amount is due on any call but it is not received, then the short fall is debited to
A
B
C
D
Question:
The difference between subscribed capital and called up capital is called
A
B
C
D
Question:
Which statement is issued before the issue of shares ?
A
B
C
D
Question:
Company can utilise securities premium for :
A
B
C
D
Question:
When a company issues fully paid shares to promoters
for their services, the journal entry will be:
A
B
C
D
Question:
When a company issues shares at a premium, amount of premium may be received by the company :
A
B
C
D
Question:
Share Application Account is :
A
B
C
D
Question:
Secrities Premium can not be applied :
A
B
C
D
Question:
A joint stock company is :
A
B
C
D
Question:
Equity shareholders are
A
B
C
D
Question:
Reserve capital means :
A
B
C
D
Question:
Securities Premium is shown under which head in the Balance Sheet ?
A
B
C
D
Question:
Shares may be issued :
A
B
C
D
Question:
Capital included in the liabilities of a company is called :
A
B
C
D
Question:
An issue of shares which is not a public issue but offered to a selected group of persons is called :
A
B
C
D
Question:
If a share of ₹ 10 on which ₹ 8 has been called and ₹ 6 is paid is forfeited, the Share Capital Account should be debited with :
A
B
C
D
Question:
When shares are forfeited, the Share Capital Account is debited with:
A
B
C
D
Question:
If the loss on reissue of shares is less than the amount forfeited, the ‘surplus’ or profit is transferred to :
A
B
C
D
Question:
J. Ltd. re-issue 2,000 shares which where forfeited by crediting share forfeiture account by ₹ 3,000. These shares were re-issued at ₹ 9 per share. The amount transferred to capital reserve will be :
