CBSE Class 12 Accountancy Company Accounts Worksheet Set A

Read and download free pdf of CBSE Class 12 Accountancy Company Accounts Worksheet Set A. Students and teachers of Class 12 Accountancy can get free printable Worksheets for Class 12 Accountancy in PDF format prepared as per the latest syllabus and examination pattern in your schools. Standard 12 students should practice questions and answers given here for Accountancy in Grade 12 which will help them to improve your knowledge of all important chapters and its topics. Students should also download free pdf of Class 12 Accountancy Worksheets prepared by school teachers as per the latest NCERT, CBSE, KVS books and syllabus issued this academic year and solve important problems provided here with solutions on daily basis to get more score in school exams and tests

CBSE Class 12 Accountancy Worksheet - Company Accounts (Shares). CBSE issues sample papers every year for students for class 12 board exams. Students should solve the CBSE issued sample papers to understand the pattern of the question paper which will come in class 12 board exams this year. The sample papers have been provided with marking scheme. It’s always recommended to practice as many CBSE sample papers as possible before the board examinations. Sample papers should be always practiced in examination condition at home or school and the student should show the answers to teachers for checking or compare with the answers provided. Students can download the sample papers in pdf format free and score better marks in examinations. Refer to other links too for latest sample papers.

TOPIC – COMPANY ACCOUNTS (SHARES)

Q 1 Differentiate between ‘Reserve capital’ & ‘Capital reserve’.

Q 2 What is meant by :

Unlimited liability ;

Minimum subscription ;

Forfeiture of shares ;

Calls in arrears ;

Calls in advance

Q 3 What is the minimum price at which a company can re-issue its shares. Explain taking an illustration.

Q 4 A company wants to purchase building from its securities premium amount. Can it do so? Give reasons in support of your answer.

Q 5 Is calls in advance part of company’s share capital?

Q 6 A co. issued 15000 fully paid up equity shares of Rs 100 each for the purchase of the following assets 7 liabilities from Gupta Brothers: Plant Rs 3,50,000 ; Land & building Rs 6,00,000 ; Stock in trade Rs 4,50,000 ; Sundry creditors Rs 1,00,000. Pass the necessary journal entry.

Q 7 X Ltd. issued equity shares of Rs 10 each at a premium of 2.50 per share. The amount was payable as follows:

On application-Rs 2; On allotment -Rs 4.50 ; On call-Rs 6 Owing to heavy subscription the allotment was made on pro-rata basis as follows:

(a) Applicants for 20000 shares were allotted 10000 shares

(b) Applicants for 56000 shares were allotted 14000 shares

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