Numerical Example of Share Capital

Q.

Minimum Subscription Should Be Received Within ______ Days.

Q. The sum total of the and Reserves and Surplus is called as the Shareholders’ Fund.

1. Share Capital
2. Current Asset
3. Asset
4. Liability

Q.

Amount of calls in arrears is shown as __________ from subscribed capital in the financial statement.

1. an addition

2. a deduction

3. no treatment

4. none of these

Q.

Which of the following is not a part of shareholders' funds in the balance sheet?

1. Share capital

2. All of these

3. Reserves & Surplus

4. Money received against share warrants

Q.

What is a shareholder fund and an owner’s fund?

Q.

A mutual fund company receives a dividend of Rs. 25 lakhs on its investment in another company's shares. Why is it a cash inflow from operating activities for this company?

Q.

The number of shares issued, subscribed, fully paid and subscribed but not fully paid are shown in ____________

1. Balance Sheet

2. Profit and Loss Account

3. Notes to Account

4. None of these

Q. amount is shown for forfeited shares in the financial statement.

1. Face value
2. Called-up
3. Paid-up
4. Issued

Q.

Which of the following correctly describes the recording of a dividend declaration by a companys board of directors? Find the Answer at BYJUS

1. A debit to retained earnings and a credit to cash

2. A debit to additional paid-in capital and a credit to dividends payable

3. A debit to cash and a credit to retained earnings.

4. A debit to retained earnings and a credit to dividends payable.

Q. If issued capital is Rs. 5 lakhs and subscribed capital is Rs. 4 lakhs, then this is called subscription.

1. over
2. under
3. no
4. uneven

Q. State, whether the following statements are True or False.

Forfeited shares are reissued at par only.

Q. Which of these particulars are not required to be mentioned in the application for registration of a firm :

1. Name and address of Chartered Accountant of the firm
2. Date of joining of firm by each partner
3. Name of the places where the firm carries its business
4. Duration of the firm

Q.

What amount is shown for forfeited shares in the financial statement?

1. face value of shares

2. called up value of shares

3. amount originally paid up

4. none of these

Q.

Do we anywhere disclose the number and amount of share authorised in the financial statement?

1. None of these

2. Yes

3. Partially Yes

4. No

Q. As share forfeited after first call Bs share forfeited after second call .so when will the entry be passed for transferrringshare forfeited amt to capital reserve if A shae reissued after first call and B share reissued after second call