Read and download free pdf of CBSE Class 12 Accountancy Accounting For Share Capital Worksheet. Download printable Accountancy Class 12 Worksheets in pdf format, CBSE Class 12 Accountancy Part 2 Chapter 1 Accounting for Share Capital Worksheet has been prepared as per the latest syllabus and exam pattern issued by CBSE, NCERT and KVS. Also download free pdf Accountancy Class 12 Assignments and practice them daily to get better marks in tests and exams for Class 12. Free chapter wise worksheets with answers have been designed by Class 12 teachers as per latest examination pattern
Part 2 Chapter 1 Accounting for Share Capital Accountancy Worksheet for Class 12
Class 12 Accountancy students should refer to the following printable worksheet in Pdf in Class 12. This test paper with questions and solutions for Class 12 Accountancy will be very useful for tests and exams and help you to score better marks
Class 12 Accountancy Part 2 Chapter 1 Accounting for Share Capital Worksheet Pdf
Question. Name the head of Capital Clause of Memorandum of Association of a company in which maximum amount of share capital mentioned is called .
(a) Reserve Capital
(b) Subscribed Capital
(c) Authorised Capital
(d) Issued Capital
Answer. C
Question. A shareholder allotted to whom 9,000 shares of ₹ 10 per share failed to pay first & final of ₹ 2 per share. ₹ 18,000 to be recorded in the books of company with
(a) Dr. to Calls-in Arrears A/c
(b) Dr. to Share Forfeiture
(c) Cr. to Calls-in Arrears A/c
(d) Cr. to Share Forfeiture A/c
Answer. A
Question. Arrange the following in proper sequence as types of “Share Capital”
a) Paid up capital
b) Issued capital
c) Subscribed capital
d) Authorised capital
a) a) ,c) , d) , b)
b) d), c) , b), a)
c) d), b), c),a)
Answer. C
Question. Shobha Limited was formed with share capital of Rs. 50,00,000 divided into 50,000 shares of Rs.100 each. 8,000 shares were issued to the vendor as fully paid for purchase consideration of a Machinery acquired. 30,000 shares were allotted in payment of cash on which Rs.70 per share was called and paid. State the amount of subscribed capital:
A) Rs. 50,00,000
B) Rs. 30,50,000
C) Rs. 29,00,000
D) Rs. 20,00,000
Answer. C
Question. Star Ltd forfeited 1,000 shares of Rs.10 each (which were issued at par )of Jeevan, a share holder of the company, for non payment of allotment money of Rs.4 per share. The called up value per share was Rs.7. On forfeiture, the amount debited to share capital:
a) Rs.3,000
b) Rs.7,000
c) Rs.4,000
d) Rs.10,000
Answer. B
Question. The allowed amount of discount on re-issue of shares will be
(a) 10% of issue price
(b) Up to the amount of forfeited money
(c) Could not issue at discount
(d) None of these
Answer. B
Question. Once, forfeited shares reissued, balance of share forfeiture money will be transferred to:
(a) General Reserve
(b) Capital Reserve
(c) Reserve Capital
(d) Securities Premium Reserve
Answer. B
Question. 12,000 shares of ₹ 100 each forfeited due to non-payment of allotment of ₹ 40 per share and first & final call of ₹ 30 per share. Out of the forfeited shares, 9,000 shares were reissued at ₹ 80 per share fully paid. Which of the following amount of share forfeiture account will be transferred to Capital Reserve Account?
(a) 90,000
(b) 1,80,000
(c) 3,60,000
(d) 2,70,000
Answer. A
CASE STUDY BASED QUESTIONS
Read the following statement carefully and give the answer for the questions:
Shine Firework Ltd is authorised to issue shares 5,00,000 of ₹ 100 each. Company raised the capital by issue of 2,00,000 shares through e-IPO. As per the decision of Managing Board of Directors of company, company issued 75,000 shares to their parent company and 40,000 shares issued to existing employees of company as per their choice and option at the below price than the market price.
Question. “Company issued 75,000 shares to their parent company” is an example of .
(a) Public Issue
(b) Private Placement
(c) ESOP
(d) Issue other than cash
Answer. B
Question. “40,000 shares issued to existing employees of company as per their choice and option at the below price than the market price.” Is an example of
(a ) Public Issue
(b) Private Placement
(c) ESOP
(d) Issue other than cash
Answer. C
Read the following statement carefully and give the answer for the questions:
X Ltd issued 2,00,000 shares of ₹ 100 each. Amount to be paid on Application ₹ 30 per share; on allotment ₹ 40 per share and on first & final call ₹ 30 per share. All money was duly subscribed and paid towards the nominal value of shares except on 9,000 shares who failed to pay allotment and calls money. These shares were forfeited. 5,000 shares were re-issued at ₹ 80 per share fully paid.
Question. Which amount of the following will be shown into the Balance Sheet of the company under the sub-head “Share Capital”?
(a) ₹ 1,96,00,000
(b) ₹ 1,97,20,000
(c) ₹ 2,00,00,000
(d) ₹ 1,97,70,000
Answer. A
Question. Which of the following amount will be, balance in Share Forfeiture Account?
(a) ₹ 4,00,000
(b) ₹ 1,50,000
(c) ₹ 1,20,000
(d) ₹ 50,000
Answer. D
Question. Given below are two statements, one labelled as Assertion the other labelled as Reason (R):
Assertion(A): Preferential allotment means allotment of shares at a pre determined price to the identified people who are interested in taking shares in the company.
Reason(R): Employee Stock Option Plan is a category of sweat Equity In the context of the above two statements, which of the following is correct?
(A) Both (A) and (R) are correct and (R) is the correct reason of (A)
(B) Both (A) and (R) are correct but (R) is not the correct reason of (A).
(C) Only (R) is correct.
(D) Both (A) and (R) are wrong.
Answer. B
Question. Given below are two statements, one labelled as Assertion the other labelled as Reason (R):
Assertion (A): The forfeited shares may be reissued by the company at par, at premium or at discount.
Reason(R): Reissue of forfeited shares is not an issue of shares but is selling the shares that were issued earlier and were cancelled by the company. In the context of the above two statements, which of the follow-ing is correct?
(A) Both (A) and (R) are correct and (R) is the correct reason of (A).
(B) Both (A) and (R) are correct but (R) is not the correct reason of (A).
(C) Only (R) is correct.
(D) Both (A) and (R) are wrong.
Answer. A
Question. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R)
Assertion (A)The part of un-called capital, to be called only in the liquidation of a company is called Reserve Capital.
Reason (R) : It can be used for writing off capital losses.
In the context of the above two statements, which of the following is correct?
(A) is correct, but (R) is wrong.
(B) Both (A) and (R) are correct.
(C) (A) is wrong, but (R) is correct.
(D) Both (A) and (R) are wrong
Answer. A
10 Complete the following journal entries for forfeiture and reissue.
Please click on below link to download CBSE Class 12 Accountancy Accounting For Share Capital Worksheet
CBSE Class 12 Accountancy Accounting For Not For Profit Organisation Worksheet |
CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A |
CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set B |
CBSE Class 12 Accountancy Accounting For Companies Worksheet |
CBSE Class 12 Accountancy Accounting For Share Capital Worksheet |
CBSE Class 12 Accountancy Financial Statements of A Company Worksheet |
CBSE Class 12 Accountancy Analysis of Financial Statements Worksheet |
CBSE Class 12 Accountancy Tools of Analysis Worksheet Set A |
CBSE Class 12 Accountancy Tools of Analysis Worksheet Set B |
More Study Material
CBSE Class 12 Accountancy Part 2 Chapter 1 Accounting for Share Capital Worksheet
The above practice worksheet for Part 2 Chapter 1 Accounting for Share Capital has been designed as per the current syllabus for Class 12 Accountancy released by CBSE. Students studying in Class 12 can easily download in Pdf format and practice the questions and answers given in the above practice worksheet for Class 12 Accountancy on a daily basis. All the latest practice worksheets with solutions have been developed for Accountancy by referring to the most important and regularly asked topics that the students should learn and practice to get better scores in their examinations. Studiestoday is the best portal for Printable Worksheets for Class 12 Accountancy students to get all the latest study material free of cost.
Worksheet for Accountancy CBSE Class 12 Part 2 Chapter 1 Accounting for Share Capital
Teachers of studiestoday have referred to the NCERT book for Class 12 Accountancy to develop the Accountancy Class 12 worksheet. If you download the practice worksheet for the above chapter daily, you will get better scores in Class 12 exams this year as you will have stronger concepts. Daily questions practice of Accountancy printable worksheet and its study material will help students to have a stronger understanding of all concepts and also make them experts on all scoring topics. You can easily download and save all revision Worksheets for Class 12 Accountancy also from www.studiestoday.com without paying anything in Pdf format. After solving the questions given in the practice sheet which have been developed as per the latest course books also refer to the NCERT solutions for Class 12 Accountancy designed by our teachers
Part 2 Chapter 1 Accounting for Share Capital worksheet Accountancy CBSE Class 12
All practice paper sheet given above for Class 12 Accountancy have been made as per the latest syllabus and books issued for the current academic year. The students of Class 12 can be assured that the answers have been also provided by our teachers for all test paper of Accountancy so that you are able to solve the problems and then compare your answers with the solutions provided by us. We have also provided a lot of MCQ questions for Class 12 Accountancy in the worksheet so that you can solve questions relating to all topics given in each chapter. All study material for Class 12 Accountancy students have been given on studiestoday.
Part 2 Chapter 1 Accounting for Share Capital CBSE Class 12 Accountancy Worksheet
Regular printable worksheet practice helps to gain more practice in solving questions to obtain a more comprehensive understanding of Part 2 Chapter 1 Accounting for Share Capital concepts. Practice worksheets play an important role in developing an understanding of Part 2 Chapter 1 Accounting for Share Capital in CBSE Class 12. Students can download and save or print all the printable worksheets, assignments, and practice sheets of the above chapter in Class 12 Accountancy in Pdf format from studiestoday. You can print or read them online on your computer or mobile or any other device. After solving these you should also refer to Class 12 Accountancy MCQ Test for the same chapter.
Worksheet for CBSE Accountancy Class 12 Part 2 Chapter 1 Accounting for Share Capital
CBSE Class 12 Accountancy best textbooks have been used for writing the problems given in the above worksheet. If you have tests coming up then you should revise all concepts relating to Part 2 Chapter 1 Accounting for Share Capital and then take out a print of the above practice sheet and attempt all problems. We have also provided a lot of other Worksheets for Class 12 Accountancy which you can use to further make yourself better in Accountancy
You can download the CBSE Practice worksheets for Class 12 Accountancy Part 2 Chapter 1 Accounting for Share Capital for the latest session from StudiesToday.com
Yes, you can click on the links above and download chapter-wise Practice worksheets in PDFs for Class 12 for Accountancy Part 2 Chapter 1 Accounting for Share Capital
Yes, the Practice worksheets issued for Part 2 Chapter 1 Accounting for Share Capital Class 12 Accountancy have been made available here for the latest academic session
You can easily access the links above and download the Class 12 Practice worksheets Accountancy for Part 2 Chapter 1 Accounting for Share Capital
There is no charge for the Practice worksheets for Class 12 CBSE Accountancy Part 2 Chapter 1 Accounting for Share Capital you can download everything free
Regular revision of practice worksheets given on studiestoday for Class 12 subject Accountancy Part 2 Chapter 1 Accounting for Share Capital can help you to score better marks in exams
Yes, studiestoday.com provides all the latest Class 12 Accountancy Part 2 Chapter 1 Accounting for Share Capital test practice sheets with answers based on the latest books for the current academic session
Yes, studiestoday provides worksheets in Pdf for Part 2 Chapter 1 Accounting for Share Capital Class 12 Accountancy in mobile-friendly format and can be accessed on smartphones and tablets.
Yes, practice worksheets for Class 12 Accountancy Part 2 Chapter 1 Accounting for Share Capital are available in multiple languages, including English, Hindi