CBSE Class 12 Accounting for Share Capital Multiple Choice Questions with Answers. MCQ Questions Class 12 Accounting for Share Capital with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 12 Accounting for Share Capital with Answers to know their preparation level.
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MCQ Questions Class 12 Accounting for Share Capital with Answers - Set - 4
Question 1:Â
The portion of the authorised capital which can be called-up only on the liquidation of the company is called:
(a) Issued Capital
(b) Called-up Capital
(c) Uncalled Capital
(d) Reserve Capital
Correct Answer – (D)
Question 2:Â
Premium on issue of shares is shown on which side of the Balance sheet.
(a) Assets
(b) Liabilities
(c) Both
(d) None of these
Correct Answer – (B)
Question 3:Â
According to Table E of the Companies Act, 2013 interest on calls in arrears charged should not exceed :
(a) 5% p.a.
(b) 6% p.a.
(c) 8%p.a.
(d) 10%p.a.
Correct Answer – (D)
Question 4:Â
Shares can be forfeited :
(a) For failure to attend meetings
(b) For non-payment of call money
(c) For failure to repay the loan to the Bank
(d) For which shares are pledged as a security
Correct Answer – (B)
Question 5:Â
Total amount of liabilities side includes :
(a) Authorised Capital
(b) Issued Capital
(c) Subscribed Capital
(d) Paid-up Capital
Correct Answer – (D)
MCQ Questions Class 12 Accounting for Share Capital With Answers
Question 6:Â
Share Allotment Account is :
(a) Personal A/c
(b) Real A/c
(c) Nominal A/c
(d) None of these
Correct Answer – (A)
Question 7:Â
Premium on issue of shares is a :
(a) Capital Gain
(b) Capital Loss
(c) General Profit
(d) General Loss
Correct Answer – (A)
Question 8:Â
Shareholders get:
(a) Interest
(b) Dividend
(c) Commission
(d) Profit
Correct Answer – (B)
Question 9:Â
A company issues its shares at premium under which Section of Indian Companies Act, 2013 ?
(a) 78
(b) 79
(c) 52
(d) 53
Correct Answer – (C)
Question 10:Â
Reight shares are the shares, which :
(a) Are issued to the Direction of the company
(b) Are issued to existing shareholders of the company
(c) Are issued to promoters in consideration of their services
(d) Are issued to the vendors for purchasing assets
