Match List-I with List-II:
List-I
List-II
(A) Share capital
(I) Will be called at the time of winding up
(B) Reserves and surplus
(II) Calls in advance
(C) Reserve capital
(III) Subscribed but not fully paid
(D) Current liabilities
(IV) Sinking fund
Important Questions on Accounting for Share Capital
Arrange the following in the correct order:
(A) Subscribed Capital
(B) Issued Capital
(C) Authorised Capital
(D) Paid-up Capital
(E) Called-up Capital
Choose the correct answer from the options given below:
Match List-I with List-II:
| List-I (Name of account to be debited or credited, when shares are forfeited) | List-II (Amount to be debited or credited) |
| (A) Share Capital Account | (I) Debited with amount not received |
| (B) Share Forfeited Account | (II) Credited with amount not received |
| (C) Calls-in-arrears Account | (III) Credited with amount received towards share capital |
| (D) Securities Premium Account | (IV) Debited with amount called up |
Choose the correct answer from the options given below:
What is the correct sequence of types of capital in company’s Balance sheet while preparing notes to accounts.
A. Issued Capital
B. Subscribed and fully paid up capital
C. Share forfeited Balance
D. Authorised Capital
E. Subscribed but not fully paid up capital
Choose the correct answer from the options given below:
Identify the components of equity:
A. Money received against share warrants
B. Working capital
C. Share capital
D. Reserves & surplus
E. Cash Revenue from operations
Choose the correct answer from the options given below:
