3. IMPORTANT GUIDELINES BEFORE ISSUE OF BONUS SHARES: – ... 3 Premium received on issue of shares cannot be utilised for-----. a) Revaluation reserve c) Capital Reserve b) Securities premium d) General Reserve 5. MCQ ON ISSUE OF SHARES, Share application and allotment account is a, Only sweat equity shares can be issued at a. MCQ Questions for Class 12 Accountancy with Answers were prepared based on the latest exam pattern. The Company shall not issue shares in lieu of Dividend. 3. Checks to ensure that the company has not defaulted in payment of Principal or Interest in respect of Fixed Deposits or Debt Securities or any other employee statutory dues i.e provident fund, gratuity, bonus, etc. Bonus shares cannot be issued by capitalizing_____. … Bonus shares should be issued from free reserves created out of genuine profits or share premiums collected. b) Purchase of fixed assets. These short objective type questions with answers are very important for Board exams as well as competitive exams. ... amount collected as premium on securities cannot be utilised for: a) Issuing fully paid bonus shares to the members. Bonus shares cannot be issued in lieu of dividend. Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. For example, a 3 for 2 bonus issue would entitle each shareholder 3 shares for every 2 shares already held by them before the issue. A shareholder having 1000 shares would therefore receive 1500 bonus shares (1000 x … ... 000 Sundry Assets 1, 16, 000 1, 16, 000 1, 16, 000 The company decided to capitalize the necessary part of the General Reserve by issuing. We have provided Accounting for Share Capital Class 12 Accountancy MCQs Questions with Answers to help students understand the concept very well. Partly paid shares can be made fully paid by capitalizing_____. Free download in PDF Company Accounts Multiple Choice Questions and Answers for competitive exams. It is also pertinent to mention that bonus shares shall not be issue by capitalizing reserves created by the revaluation of assets. The Company shall not issue Bonus Shares by capitalizing reserve created out revaluation of Assets b. a) General reserve c) Securities Premium b) Capital Redemption Reserve d) All of the above 4. e.g. If the subsequent Bonus issue shares exceed Authorised Share Capital of the company, A Special Resolution is to be passed at the general Body for raising the Authorised Share Capital. False 109. ... B for the issue of bonus shares. Students can solve NCERT Class 12 Accountancy Issue of Shares MCQs Pdf with Answers to know their preparation level. ... a bonus share per share on the partly paid up shares in order to make them fully paid. Bonus shares can be issued by a company. Issuing Bonus. Bonus issue cannot be made out of a. Revaluation reserves b. A. distribution of dividend B. writing of f capital losses C. transferring to general reserve D. paying fees to directors 6. Free reserves c. Both of the above d. None of the above 108. Check the below NCERT MCQ Questions for Class 12 Accountancy Chapter 6 Accounting for Share Capital with Answers Pdf free download. Bonus shares are issued to each shareholder according to their stake in the company. 5. Capitalization of reserve. Bonus shares can be issued on partly paid up shares a. 5. A. for the issue of bonus shares B. for writing of preliminary expenses https://muds.co.in/capitalisation-of-reserves-through-bonus-issue Any reserve created through revaluation of fixed assets cannot be capitalized. Premium on issue of shares can be used for -----. Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 7 Issue of Shares. 4. Premium received on issue of shares cannot be utilised for -----. True b.

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