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Bihar Board Class 12 Commerce Accountancy · Ch 5: Accounting for Share Capital

Bihar Board Class 12 Commerce Accountancy · Ch 5: Accounting for Share Capital is an online chapter test in the Bihar Board Class 12 Commerce pattern, covering Accounting for Share Capital. Attempt it on SeatBeat with a timer like the real exam, then see a detailed solution for every question and your score and weak-topic analysis.

30
Questions
20
Minutes
30
Marks
None
Negative marking
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Topics in this test

TopicQuestions
Accounting for Share Capital30

Difficulty: 7 medium · 23 hard

Accounting for Share Capital MCQ questions with answers

The first 3 of 30 questions. Unlock the series for the rest, each with a solution.

  1. Q1. A Ltd. forfeited 200 shares of $\u20b910$ each, issued at a premium of $\u20b92$ per share, for non-payment of the final call of $\u20b93$ per share. The full amount, including the premium, had already been received on these shares except for the final call. On forfeiture, what happens to the Securities Premium Account?

    A Ltd. ने $\u20b92$ प्रति अंश के प्रीमियम पर निर्गमित $\u20b910$ प्रत्येक वाले 200 अंशों को अंतिम कॉल $\u20b93$ प्रति अंश की राशि न चुकाने के कारण समपहृत कर दिया। इन अंशों पर अंतिम कॉल को छोड़कर, प्रीमियम सहित पूरी राशि पहले ही प्राप्त हो चुकी थी। समपहरण पर प्रतिभूति प्रीमियम खाते (Securities Premium Account) पर क्या प्रभाव पड़ता है?

    • A. It is not affected, as the premium has already been received in full / इसका कोई प्रभाव नहीं पड़ता, क्योंकि प्रीमियम पहले ही पूर्ण रूप से प्राप्त हो चुका है
    • B. It is credited with $\u20b9400$ / इसे $\u20b9400$ से जमा (credit) किया जाता है
    • C. It is debited with $\u20b9600$ / इसे $\u20b9600$ से नामे (debit) किया जाता है
    • D. It is debited with $\u20b9400$ / इसे $\u20b9400$ से नामे (debit) किया जाता है
    Solution

    Securities Premium already received in cash is not cancelled on forfeiture; it is debited only when the premium itself remains unpaid, which is not the case here.

    नकद में पहले से प्राप्त प्रतिभूति प्रीमियम समपहरण पर रद्द नहीं किया जाता; इसे केवल तब नामे किया जाता है जब प्रीमियम स्वयं अभी अदत्त हो, जो इस स्थिति में नहीं है।

  2. Q2. A Ltd. received $\u20b920,000$ as calls-in-advance from a shareholder, 3 months before the call was actually due. The Articles of Association allow interest @12% per annum on calls-in-advance. How much interest is the company required to pay?

    A Ltd. को एक अंशधारक से कॉल वास्तव में देय होने से 3 महीने पहले अग्रिम कॉल्स (calls-in-advance) के रूप में $\u20b920,000$ प्राप्त हुए। अंतर्नियम अग्रिम कॉल्स पर 12% प्रति वर्ष की दर से ब्याज की अनुमति देते हैं। कंपनी को कितना ब्याज देना आवश्यक है?

    • A. $\u20b9200$
    • B. $\u20b91,200$
    • C. $\u20b92,400$
    • D. $\u20b9600$
    Solution

    Interest is calculated only for the period the money was held in advance: $20,000\times\frac{12}{100}\times\frac{3}{12}=\u20b9600$.

    ब्याज की गणना केवल उस अवधि के लिए की जाती है जिसमें राशि अग्रिम रूप से रखी गई थी: $20,000\times\frac{12}{100}\times\frac{3}{12}=\u20b9600$।

  3. Q3. A company issued 50,000 equity shares to the public. As per the minimum subscription rule, what is the least number of shares for which applications must be received before the company can proceed with allotment?

    एक कंपनी ने जनता को 50,000 समता अंश निर्गमित किए। न्यूनतम अभिदान (minimum subscription) नियम के अनुसार, आबंटन आगे बढ़ाने से पहले कंपनी को कम से कम कितने अंशों के लिए आवेदन प्राप्त होने चाहिए?

    • A. 40,000 shares / 40,000 अंश
    • B. 45,000 shares / 45,000 अंश
    • C. 50,000 shares / 50,000 अंश
    • D. 25,000 shares / 25,000 अंश
    Solution

    The minimum subscription rule requires that applications be received for at least 90% of the issued amount, which is $0.90\times50,000=45,000$ shares.

    न्यूनतम अभिदान नियम के अनुसार निर्गमित राशि के कम से कम 90% के लिए आवेदन प्राप्त होना आवश्यक है, जो $0.90\times50,000=45,000$ अंश है।

Frequently asked questions

How many questions are in the Bihar Board Class 12 Commerce Accountancy · Ch 5: Accounting for Share Capital?

30 questions for 30 marks, to be answered in 20 minutes.

Is there negative marking in the Bihar Board Class 12 Commerce Accountancy · Ch 5: Accounting for Share Capital?

No — wrong answers are not penalised in this test.

Which topics does the Bihar Board Class 12 Commerce Accountancy · Ch 5: Accounting for Share Capital cover?

Accounting for Share Capital (30 questions).

Is the Bihar Board Class 12 Commerce Accountancy · Ch 5: Accounting for Share Capital free?

It is part of the BSEB Class 12 Commerce Test Series 2027 — Chapter-wise + Full Tests (43 tests, ₹149). You can first try Accountancy · Ch 1: Accounting for Partnership: Basic Concepts for free.

More tests in the BSEB Class 12 Commerce Test Series 2027 — Chapter-wise + Full Tests

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Accounting for Share Capital MCQ | SeatBeat