12th Class Accountancy Accounting For Share Capital Question Bank MCQs - Accounting for Share Capital

  • question_answer
    Match the followings: Rishi Ltd. is registered with authorised capital of Rs.10,00,000 divided into 1,00,000 Equity share of Rs.10 each. Out of which 80,000 shares are offered to the public. If the face value of shares is Rs.10 each but only Rs.6 called by the company and Rs.4 is still uncalled. Company will pass a resolution that Rs.3 will not be called except in case of winding up:
    1. Issued share capital (A) 4,80,000
    2. Called up capital (B) 2,40,000
    3. Uncalled capital (C) 8,00,000
    4. Reserve capital (D) 80,000

    A) 1-[B]; 2-[C]; 3-[D]; 4-[A]

    B) 1-[B]; 2-[C]; 3-[A]; 4-[D]

    C) 1-[C]; 2-[A]; 3-[D]; 4-[B]

    D) 1-[C]; 2-[D]; 3-[A]; 4-[B]

    Correct Answer: C

    Solution :

    1-[C]; 2-[A]; 3-[D]; 4-[B]


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