| 961 |
On dissolution, which item is NOT transferred to the Realisation Account? |
Accountancy/Book Keeping
Realisation Account and settlement of accounts |
Easy |
| 962 |
A partner takes over a firm's computer on dissolution. Which entry is passed? |
Accountancy/Book Keeping
Realisation Account and settlement of accounts |
Easy |
| 963 |
A creditor of ₹15,000 accepts machinery of the same book value in full settlement of his claim. What entry is… |
Accountancy/Book Keeping
Realisation Account and settlement of accounts |
Medium |
| 964 |
Realisation expenses of ₹3,000 are paid by partner A on behalf of the firm. What entry is passed? |
Accountancy/Book Keeping
Realisation Account and settlement of accounts |
Medium |
| 965 |
Assets (other than cash) of book value ₹1,50,000 realise ₹1,30,000. Creditors of ₹50,000 are paid ₹48,000, an… |
Accountancy/Book Keeping
Realisation Account and settlement of accounts |
Hard |
| 966 |
Which feature ensures that a company continues to exist even when its members change? |
Accountancy/Book Keeping
Features and types of companies |
Easy |
| 967 |
What is the minimum number of members required to form a public company? |
Accountancy/Book Keeping
Features and types of companies |
Easy |
| 968 |
A shareholder holds 100 shares of ₹10 each on which ₹6 per share has been paid. If the company is wound up wi… |
Accountancy/Book Keeping
Features and types of companies |
Medium |
| 969 |
A company in which the Central Government holds 60% of the paid-up share capital is called a |
Accountancy/Book Keeping
Features and types of companies |
Medium |
| 970 |
A company sues one of its own shareholders for an unpaid call. Which feature of a company makes this possible? |
Accountancy/Book Keeping
Features and types of companies |
Hard |
| 971 |
The maximum amount of share capital a company is permitted to raise is called |
Accountancy/Book Keeping
Share capital: meaning, nature and types |
Easy |
| 972 |
Preference shares carry a preferential right with respect to |
Accountancy/Book Keeping
Share capital: meaning, nature and types |
Easy |
| 973 |
The part of uncalled capital that a company resolves to call only in the event of winding up is called |
Accountancy/Book Keeping
Share capital: meaning, nature and types |
Medium |
| 974 |
A company has subscribed capital of 50,000 shares of ₹10 each, of which ₹8 per share has been called up. Call… |
Accountancy/Book Keeping
Share capital: meaning, nature and types |
Medium |
| 975 |
Which arrangement of capital amounts is always correct for a company? |
Accountancy/Book Keeping
Share capital: meaning, nature and types |
Hard |
| 976 |
When shares are issued at a premium, the premium amount is credited to |
Accountancy/Book Keeping
Issue and allotment of shares |
Easy |
| 977 |
An amount received from a shareholder before it has been called up by the company is called |
Accountancy/Book Keeping
Issue and allotment of shares |
Easy |
| 978 |
A company buys assets for ₹1,80,000 and pays by issuing shares of ₹10 each at a premium of 20%. How many shar… |
Accountancy/Book Keeping
Issue and allotment of shares |
Medium |
| 979 |
A company offers 10,000 shares; ₹3 is payable on application and ₹5 on allotment. It receives applications fo… |
Accountancy/Book Keeping
Issue and allotment of shares |
Medium |
| 980 |
A shareholder paid ₹20,000 as calls in advance, six months before the call fell due. If interest is paid at t… |
Accountancy/Book Keeping
Issue and allotment of shares |
Hard |