Class 12 Accountancy MCQs Share Capital

Class 12 Accountancy MCQs Share Capital - Answers

1. d) Preferential right as to dividend and repayment of capital at the time of liquidation of the Company
2. b) Subscribed Capital
3. b) Authorised Capital > Issued Capital
4. a) Redeemable Equity Shares
5. c) Sweat Equity Shares
6. b) Issued Capital
7. b) Personal Account
8. c) 25%
9. b) Goodwill Account/Incorporation Cost Account
10. c) Both Assertion and Reason are Correct and Reason is the correct explanation of Assertion
11. b) 2,000 shares
12. c) ₹1,50,000
13. d) ₹2,100
14. c) Both Assertion and Reason are correct, and Reason is the correct explanation of Assertion.
15. d) It is part of subscribed capital.
16. d) Capital Reserve Account
17. d) Compensation received from insurance company
18. c) No Limit
19. d) Along with any of the above
20. b) Distribution of dividend
21. c) ₹6,50,000
22. a) 12% p.a.
23. a) ₹3,200
24. d) ₹25
25. d) Securities Premium Reserve Account
26. d) 5,000 Shares
27. d) 300 shares
28. c) 1,500 Shares
29. c) ₹60,000
30. d) Sweat equity shares
31. a) ₹39,74,000
32. c) 250 shares
33. c) Both Assertion and Reason are correct, and Reason is the correct explanation of Assertion
34. d) 800 shares
35. b) Both Assertion and Reason are correct, but Reason is not the correct explanation of Assertion
36. b) ₹400
37. b) ₹9,000
38. b) Both Assertion and Reason are Correct and Reason is the correct explanation of Assertion
39. c) 2,000 shares

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