Std.
XII CBSE - ACCOUNTS
Shares
Assignment - 6
1. A company invited application for subscription of 5,000 shares. Applications were
received for 6,000 shares. Shares were allotment pro-rata basis.
(1) If Shyam has applied for 180 shares, how many shares would be allotted to him?
(a) 180 shares
(b) 200 shares
(c) 150 shares
(d) 175 shares
2. (2) If Shyam had been allotted 350 shares, how many shares he would have applied
for ?
(a) 300 shares
(b) 400 shares
(c) 420 shares
(d) 425 shares
3. A Ltd had allotted 20,000 shares to the applicants of 28,000 shares on pro-rata basis.
The amount payable on application is Rs 2. M applied for 420 shares. The number of
shares allotted and the amount carried forward for adjustment against allotment
money due from Mr. X will be –
(a) 60 shares, Rs 120
(b) 340 shares, Rs 160
(c) 320 shares, Rs 200
(d) 300 shares, Rs 240
4. A company offers to public 10,000 shares for subscription. The company receives
application for 12,000 shares. If the shares to be allotted on pro-rate basis.
Application on 6 shares will get how much share?
(a) 6
(b) 10
(c) 12
(d) 5
5. A ltd company issued equity shares of Rs 100 each. It has called up Rs 75 on each
share but received only Rs 60 per share. The share capital A/c will be credited with
(a) Rs 60 per share
(b) Rs 75 per share
(c) Rs 100 per share
(d) Any of above
XII CBSE | Accounts | Shares | Assignment – 6
6. On an equity share of Rs 20 the company has called up Rs 18 but Actually received Rs
16 only, the share capital would be credited by _____
(a) Rs 20
(b) Rs 18
(c) Rs 16
(d) Rs 10
7. When the money received on application is to be adjusted at the time of allotment
(partial allotment), then the account to be credited is:
a) Share Capital A/c. b) Share Allotment A/c.
c) Share Application A/c. d) None of the above
8. The minimum subscribe as prescribed by SEBI against the entire issue is:
a) 95% b) 90%
c) 5% d) None of these
9. Pro-Rata allotment is done in case of:
a) Full Subscription b) Over Subscription
c) Under Subscription d) Shares issued at premium
10. R was holding 100 shares of Rs. 10 each of a company, on which he had paid Rs. 3 an
application and Rs. 2 on allotment but could not pay Rs. 2 on first call. Directors
forfeited the above share. Share capital will be debited by:
a) Rs. 1,000 b) Rs. 700
c) Rs. 500 d) Rs. 800
XII CBSE | Accounts | Shares | Assignment – 6
