CBSE Class 12 Accountancy - Accounting For Share Capital & Debenture

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CBSE Basic Concepts and Assignment for Class XII Accountancy -Accounting For Share Capital & Debenture . Based on CBSE and CCE guidelines. The students should read these basic concepts to gain perfection which will help him to get more marks in CBSE examination.

Unit 3 & 4: ACCOUNTING FOR SHARE CAPITAL & DEBENTURE

THEORETICAL QUESTIONS

Q.1 Jain Ltd has incurred a loss of Rs. 8,00,000 before payment of interest on debentures. The directors of the company are of the opinion that interest on debentures is payable only when company earn profit. Do you agree?

Q.2 As per latest guidelines governing the servicing of debentures a company is required to create on special account. Name that account.

Q.3 Name the method of redemption of debentures in which there is no requirement of creating Debenture Redemption Reserve.

Q.4 What is the nature of receipt of premium on issue of shares? 

Q.5 Can a company issue shares at a premium in the absence of any express authority in its articles?

Q.6 What is the maximum rate of interest which the board of directors of a company can normally pay on calls-in-advance if the articles are silent on the matter of such interest?

Q.7 State with reason whether a company can issue its shares at a discount in its Initial Public Offer (IPO).

Q.8 Why securities premium money can not be used for payment of cash dividend among  shareholders?

Q.9 Jamuna Ltd. with paid-up share capital of Rs. 60,00,000 has a balance of Rs. 15,00,000 in securities premium account. The company management does not want to carry over this balance. You are required to suggest the method for utilizing this premium money that would achieve the objectives of the management and maximize the return to shareholders.

Q.10 Distinguish between a share and a Debenture.

Q.11 Can share premium be utilised for the purchase of fixed assets?

Q.12 State in brief, the SEBI guidelines regarding Debenture Redemption Reserve(DRR).

Q.13 Which companies are exempted from the obligation of creating DRR by SEBI?

Q.14 What is the restriction on reissue of forfeited shares at discount?


Please refer to attached file for CBSE Class 12 Accountancy - Accounting For Share Capital & Debenture

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