MCQ Questions Class 12 Accountancy Chapter 6 Accounting for Share Capital with Answers

Free PDF Download of CBSE Class 12 Accountancy Chapter 6 Accounting for Share Capital Multiple Choice Questions with Answers.Based on Latest Exam Pattern. Students can solve MCQ NCERT Class 12 Accountancy Chapter 6 Accounting for Share Capital Multiple Choice Questions with Answers to know their preparation level.

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Accounting for Share Capital Class 12 MCQs Questions with Answers

Class 12 Accountancy Chapter 6 Accounting for Share Capital MCQ Questions with Answers

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1. Which statement is issued before the issue of shares ?

 
 
 
 

2. Premium on issue of shares is a :

 
 
 
 

3. When a company issues fully paid shares to promoters for their services, the journal entry will be:

 
 
 
 

4. If the loss on reissue of shares is less than the amount forfeited, the ‘surplus’ or profit is transferred to :

 
 
 
 

5. Capital included in the liabilities of a company is called :

 
 
 
 

6. Reserve capital means :

 
 
 
 

7. Equity shareholders are :

 
 
 
 

8. When full amount is due on any call but it is not received, then the short fall is debited to :

 
 
 
 

9. Reserve share capital means :

 
 
 
 

10. Company can utilize securities premium for :

 
 
 
 

11. Secrities Premium can not be applied :

 
 
 
 

12. When shares are forfeited, the Share Capital Account is debited with:

 
 
 
 

13. A joint stock company is :

 
 
 
 

14. Share Application Account is :

 
 
 
 

15. Securities Premium is shown under which head in the Balance Sheet ?

 
 
 
 

16. 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 :

 
 
 
 

17. 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 :

 
 
 
 

18. An issue of shares which is not a public issue but offered to a selected group of persons is called :

 
 
 
 

19. Shareholders get:

 
 
 
 

20. The difference between subscribed capital and called up capital is called :

 
 
 
 

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