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Liability of a shareholder is limited to...

Liability of a shareholder is limited to ……………… of the shares allotted to him :

A

Paid up Value

B

Called up value

C

Face value

D

Reserve Price

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The correct Answer is:
C
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Telecom Ltd.' issued 20,000 Equity Shares of Rs. 10 each at a premium of Rs. 5 per share, payable as: Rs. 7 (including premium ) on application, Rs. 5 on allotment and the balance after three months of allotment. A shareholder to whom 200 shares were allotted failed to pay the allotment and call money and his shares were forfeited. 160 of the forfeited shares were reissued for Rs. 1 1,600. Give necessary entries in company's Journal and the Balance Sheet.

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DK GOEL-COMPANY ACCOUNTS - ISSUE OF SHARES -MULTIPLE CHOICE QUESTIONS
  1. Liability of a shareholder is limited to ……………… of the shares allotted...

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  2. Equity shares cannot be issued for the purpose of :

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  3. Which of the following is not under the heading 'Share Capital' in a B...

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  4. Share Application Account is in the nature of :

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  5. Maximum limit of Premium on shares is :

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  6. Amount of Calls inAdvance is

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  7. Following amount were payable on issue of shares by a Company : Rs. 3 ...

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  8. The subscribed capital of a company is Rs. 80,00,000 and the nominal v...

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  9. A shareholder holding 600 shares paid the amount of call @ Rs. 5 per s...

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  10. E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares o...

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  11. A company issued 4,000 equity shares of Rs. 10 each at par payable as ...

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  12. A company issued 4,000 equity shares of Rs. 10 each at par payable as ...

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  13. Which one of the following items is not a part of subscribed capital ?

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  14. Y Ltd. forfeited 400 shares of Rs. 10 each, Rs. 7 called up, for non-...

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  15. 400 shares of Rs. 10, on which Rs. 8 has been called and Rs. 5 has bee...

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  16. R Ltd. forfeited 600 shares of Rs. 100 each Rs. 70 called up on which ...

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  17. Madhu Ltd. forfeited 800 shares of Rs. 10 each issued at 10% premium t...

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  18. B Ltd. forfrited 300 shares of Rs. 100 each, Rs. 70 called up, for non...

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  19. 2,000 shares of Rs. 10, on which Rs. 7 has been called and Rs. 5 been ...

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  20. X Ltd. forfeited 400 shares of Rs. 20 each Rs. 15 called up on which a...

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