1. What will be the total assets (except cash) of the firm from the following: if Creditor ₹ 15,000, Partner’s loan ₹ 10,000, Partners’ capital ₹ 40,000. Cash in hand ₹ 5,000

2. If the total assets are ₹ 3,25,000 and the total outside liabilities ₹ 45,000 then the amount of all partner’s capital will be:

3. Insolvency of a partner will come under what type of dissolution of a firm ?

4. On firm’s dissolution, which one of the following account should be prepared at the last ?

5. On dissolution of a firm, realisation account is debited with:

6. On dissolution of a firm, out of the proceeds received from the sale of assets will be paid first of all:

7. Reserve share capital means :

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

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

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

11. Company can utilise securities premium for :

12. When a company issues shares at a premium, amount of premium may be received by the company :

13. Share Application Account is :

14. Secrities Premium can not be applied :

15. A joint stock company is :

16. Equity shareholders are :

17. Reserve capital means :

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

19. Shares may be issued :

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

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

22. 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 :

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

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

25. 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 :

26. If a share of ₹ 10 on which ₹ 8 has been paid up is forfeited, it can be reissued at the minimum price of…….

27. Z & Co. forfeited 100 shares of 10 Rs. each for non-payment of final call of 2 Rs. per share. All the forfeited shares were re-issued at 9 Rs. per share. What amount will be transferred to Capital Reserve A/c ?

28. Forfeiture of shares results in the reduction of:

29. Amount of calls in Arrear is :

30. Discount allowed on reissue of forfeited shares is debited to:

31. A company has…………

32. The liability of members in a company is :

33. Balance of Forfeited Shares Account after reissue of forfeited shares is transferred to :

34. Under the provisions of Companies Act, company can issue:

35. Reight shares are the shares, which :

36. Total amount of liabilities side includes :

37. A company issues its shares at premium under which Section of Indian Companies Act, 2013 ?

38. Shares can be forfeited :

39. Shareholders get:

40. According to Table E of the Companies Act, 2013 interest on calls in arrears charged should not exceed :

41. Premium on issue of shares is a :

42. Premium on issue of shares is shown on which side of the Balance sheet.

43. Share Allotment Account is :

44. The portion of the authorised capital which can be called-up only on the liquidation of the company is called:

45. Premium on issue of shares can be used for :

46. If equity share of ₹ 10 Rs. each is issued at ₹ 12 each, it is called:

47. The maximum capital beyond which a company is not allowed to raise funds, by issue of shares is called …………..

48. As per Table F the maximum rate of interest on calls in advance paid is:

49. As per the Companies Act, only preference shares, which are redeemable within …………. can be issued.

50. Which one of the following is the registered capital of the company ?