Accounting for Share Capital: Full Chapter Test 2 (CBSE Class 12)

Accounting for Share Capital: Full Chapter Test 2 (CBSE Class 12)

A second 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 with fresh numbers and questions, so it works as a second attempt after Test 1. 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: management, transferability of shares, types of companies, promoters and the prospectus
• Shares: Preference and Equity shares, convertible and irredeemable shares, cumulative dividend calculations
• Share capital: authorised, issued, called-up and paid-up capital, capital reserve
• Issue of shares: premium, application, allotment and final call entries
• Securities premium: permitted uses and presentation
• Subscription: pro-rata allotment, refunds of excess application money, minimum subscription
• Calls: calls-in-arrears and calls-in-advance with interest
• Other issues: purchase of business, goodwill and shares to promoters
• Forfeiture and reissue of shares, including gain transferred to capital reserve

Who it's for

• CBSE Class 12 Commerce students preparing for board exams
• Students who have already attempted Test 1 and want more practice on the whole chapter

Key highlights

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