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Accountancy Test - 14
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  • Question 1/10
    5 / -1

    A company issued 25,000 shares and received applications for 50,000 shares. Company wants to allot shares to everyone who has applied. What will be the ratio for allotment?

  • Question 2/10
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    Capital of a company is divided in units which is called

  • Question 3/10
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    A company issued 10,000 shares of ₹10 each. Amount is payable as ₹ 2 on application, ₹ 5 on allotment and ₹ 3 on first and final call. A shareholder who had 1,000 shares failed to pay allotment and first call amount on due date. What will be the amount received by company against issue of shares?

  • Question 4/10
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    Penalty for delay in refunding application money is charged at

  • Question 5/10
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    A Ltd. company took over assets worth ₹ 10,00,000 and liabilities of ₹ 3,00,000 for purchase consideration worth ₹ 12,00,000, how much amount will be debited to goodwill account?

  • Question 6/10
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    If shares of ₹ 4,00,000 are issued for purchase of assets of ₹ 5,00,000, ₹ 1,00,000 will be treated as ______

  • Question 7/10
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    600 shares of ₹ 10 each were forfeited for non-payment of ₹ 2 per share on first call and ? 5 per share on final call. Share forfeiture account will be credited with

  • Question 8/10
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    A company allotted 20,000 shares to applicants of 50,000 shares after rejecting 10,000 applications. The ratio in which company allotted the share will be

  • Question 9/10
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    Which shareholders have a right to receive the arrears of dividend from future profits?

  • Question 10/10
    5 / -1

    If applicants for 80,000 shares were allotted 60,000 shares on pro rata basis, the shareholder who was allotted 1,200 shares must have applied for

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