Accounting for Share Capital: Full Chapter Test 1 (CBSE Class 12)

Accounting for Share Capital: Full Chapter Test 1 (CBSE Class 12)

A complete revision test on Accounting for Share Capital (Company Accounts) for CBSE Class 12 Accountancy. One test, 40 questions, covering every concept of the chapter. Each question carries 2 marks (total 80 marks), there is no negative marking, and every answer comes with an explanation.

What's covered

• The company: features, types (One Person, Private and Public Company), incorporation and the prospectus
• Shares: Preference and Equity shares, cumulative dividend calculations
• Share capital: authorised, issued, subscribed, called-up and paid-up capital, reserve capital
• Issue of shares: par, premium and instalments, application and allotment entries
• Securities premium: Section 52 and its permitted uses
• Subscription: over-subscription, pro-rata allotment, refund of excess money, minimum subscription
• Calls: calls-in-arrears and calls-in-advance with interest
• Other issues: shares issued for consideration other than cash
• Forfeiture and reissue of shares, including capital reserve

Who it's for

• CBSE Class 12 Commerce students preparing for board exams
• Students who want one full-chapter test for final revision

Key highlights

• 40 questions on the entire chapter
• Concept, numerical and assertion-reason questions
• Explanations for every answer
• Free for everyone