A company is created by___________Act.
A Public Company must appoint______________directors.
__________company is introduced by the Companies Act, 2013.
Auditor of a Government company is appointed by_____________.
Preference shares carry____________rate of dividend.
Sweat Equity Shares are issued to employees for providing_________.
Debentures carry_______rate of interest.
Mortgage Debentures are secured by__________assets.
Security premium is disclosed under______________.
Creditors for goods is_____________.
Debtors for goods is___________.
Loose tools are disclosed under___________.
Debentures are disclosed under___________.
Computer software is an____________asset.
Cheques on hand is____________.
Investment held for more than 1 year is shown under___________.
Bills receivable are disclosed under_____________.
Bills payable is disclosed under___________.
The capital reserve is shown under____________.
A______________conceives the idea of the formation of a company.
Unpaid balance for expenses is shown as____________.
___________shows the financial health of the the company.
A company having a significant influence on other company is known as___________.
Paid-up Capital of________ shall not exceed ₹ 50 Lakhs.
The_____________shares are issued by the company free of cost to existing shareholders.
The fixed value of a share, printed on the share certificate, is called______________of a share.
If in any year the dividend on______________has not been paid, the dividend will have to be paid out of the profits of the subsequent years.
_______________means the payment made by the company to its shareholders out of its profits.
The minimum application money, to be paid by an applicant in a public issue, shall not be less than______% than the issue price.
__________means the dividend paid in between two annual general meetings.
Preference shareholders are entitled to dividends at________ rate.
Memorandum and Articles of a Private Company are____________________.
Good Luck Ltd. had issued 10,000 Equity Shares of ₹ 100 each at a premium of 45%.
State the price at which the Shares were issued
_______________is a Company incorporated outside India and has a place of business in India.
Which one of the following is a feature of a company.
___________capital” means such aggregate amount received as paid-up, in respect of shares issued.
The dividend is calculated on the___________value of the shares if they are partly paid.
The company can not issue__________.
________________ capital” which means such capital as the company issues from time to time
Issue of __________shares is also know as capitalisation of profits.
There shall be a minimum period of____________between the grant of options and vesting of option in case of Employee Stock Option.
Which one of the following is not the feature of a company.
When the holder of a preference share can not convert their shares into equity share, it is called_________.
_____________capital” means such part of the capital which has been called for payment.
__________company restricts the right to transfer its shares.
A portion of the uncalled capital that a company has decided to call only in case of liquidation of the company is called _________________capital.
In the case of ____________the unpaid dividend cannot be accumulated or carried forward to the subsequent years i.e. it will lapse.
Debenture Redemption Reserve is________________ if debentures are redeemed through conversion.
Interest on debentures is calculated on its_________.
Discount on issue of Debentures can be written off against_________.
Debentures may be redeemable______________.
Repayment of the amount due to the Debenture holders at an agreed date is called________.
__________should be shown in the Balance sheet until written off.
The balance of Debenture Sinking Fund is transferred to____________________.
DRR is required to be invested to the extent of __________________of the amount of Debentures maturing during the year ending 31st March of that year.
Annual Instalment in Sinking Fund for Redemption of Debentures is equal to_________.
The premium collected on the issue of debentures is transferred to_________.
As on 1st April 2020, Supriya Ltd. a company-issued ₹ 20,00,000 15% debentures of ₹100 each at par redeemable at a premium of 10%. Calculate the amount to be transferred to Premium on Redemption of Debentures A/c.
Balance of Sinking Fund for the redemption of debentures is_______.
Company cannot sell charged assets until the debentures are ‘repaid, in case of________.
When debentures become due for redemption, the entry is_______________.
On 31.3.2020, Rohan Ltd. converted its ₹ 50,00,000 12% Debentures into equity shares of ₹ 25 each at par. Calculate the number of Equity Shares issued.
Profit on redemption of Debentures is a________.
For the redemption of debentures, a sinking fund is created out of___________.
Bharat Ltd. issued 50,000 15% debentures of Rs. 1,000 each at Rs. 952 per debenture. The debentures are redeemable in five annual installments of Rs. 200 each. It is decided to write off discount in proportion to the amount of debenture finance usage over the various years. Calculate the amount of Discount on Debentures to be written off in the first year.
On 1st January 2015; P Ltd. issued 4,000, 6% debentures of ₹ 100 each at a discount of 10% repayable in 4 years by annual equal installments. Calculate the amount of Discount on the Issue of Debentures to be written off in the third year.
On 1st January 2018; 8-BAlls Ltd. issued 4,000, 6% debentures of ₹ 100 each at a discount of 10% repayable in 4 years by annual equal installments. Calculate the amount of Discount on the Issue of Debentures to be written off in the third year.
The premium payable on debentures is provided out of__________.
Hindustan Ltd. issued 50,000 15% debentures of Rs. 1,000 each at Rs. 952 per debenture. The debentures are redeemable in five annual installments of Rs. 200 each. It is decided to write off discount in proportion to the amount of debenture finance usage over the various years. Calculate the amount of Discount on Debentures to be written off in the second year.
Till the date of redemption of debentures ‘Premium on Redemption of Debentures appears on the__________.
Profit on redemption of Debentures transferred to______________.
Bright Ltd. an unlisted company Issued 10,000 15% debentures of ₹ 100 each at a premium of 10% on 30th June 2018 redeemable on 30th December 2019. How much amount of DRR should be created before redemption of debentures.
Premium on Redemption of Debentures is _______________.
The periodical interest received from an investment against debenture redemption reserve is credited to_________________.
In the balance sheet of a company, Debenture issued at Premium is shown under_________________.
Discount on issue of Debentures is a____________loss.
Which of the following statements is false?
In the balance sheet of a company, Debentures issued by Company is shown under_______.
As on 1st April 2020, Tejas Ltd. a company-issued ₹ 40,00,000 15% debentures of ₹ 100 each at par redeemable at a premium of 10%. 60% of the debentures are to be redeemed at the end of the 2nd year and the balance at the end of the 3rd year. The board has decided to transfer the minimum required amount to D.R.R. at the end of the first year. Calculate the amount to be transferred to DRR A/c.
Debenture holders A/c is _________at the time of redemption.
On 1st January 2020; the following balances appeared in the books of a company: 14% Debentures: ₹ 16,00,000. Profit & Loss Appropriation Account : ₹ 8,00,000. All debentures were redeemed out of profit at a premium of 10% on 31st December 2020. Calculate the amount of DRR to be created.
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