Company Accounts 2

Company Accounts 2

An annual report is furnished by a company to its :

Shareholders company accounts correct; share issue forfeiture pro-rata per Companies Act.

Ref: NCERT Accountancy Class XII Chapter 6 Company Accounts explains company formation share capital issue accounting treatment Companies Act 2013 provisions.

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Company Accounts 2

Directions For Questions Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason

Both Assertion (A) and Reason (R) company accounts correct; share issue forfeiture pro-rata per Companies Act.

Ref: NCERT Accountancy Class XII Chapter 6 Company Accounts explains company formation share capital issue accounting treatment Companies Act 2013 provisions.

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Company Accounts 2

In which of these employee stock plans, the company grants an option to its employees to acquire shares at a future date

Employee stock option scheme company accounts correct; share issue forfeiture pro-rata per Companies Act.

Ref: NCERT Accountancy Class XII Chapter 6 Company Accounts explains company formation share capital issue accounting treatment Companies Act 2013 provisions.

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Company Accounts 2

There are two statements marked as Assertion (A) and Reason (R). Read the statements and choose the appropriate option f

Assertion (A) is false, but Reason company accounts correct; share issue forfeiture pro-rata per Companies Act.

Ref: NCERT Accountancy Class XII Chapter 6 Company Accounts explains company formation share capital issue accounting treatment Companies Act 2013 provisions.

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Company Accounts 2

The Current Assets of APE Ltd. are ₹ 6,00,000; Current Liabilities are ₹ 2,00,000; Inventories are ₹ 1,50,000; Prepaid E

2 company accounts correct; share issue forfeiture pro-rata per Companies Act.

Ref: NCERT Accountancy Class XII Chapter 6 Company Accounts explains company formation share capital issue accounting treatment Companies Act 2013 provisions.

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Company Accounts 2

Which of the following is not included under the head shareholder’s fund?

Long-term provisions company accounts correct; share issue forfeiture pro-rata per Companies Act.

Ref: NCERT Accountancy Class XII Chapter 6 Company Accounts explains company formation share capital issue accounting treatment Companies Act 2013 provisions.

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Company Accounts 2

Which of the following will be included under shareholder’s funds?

General reserve of ₹ 50,000 company accounts correct; share issue forfeiture pro-rata per Companies Act.

Ref: NCERT Accountancy Class XII Chapter 6 Company Accounts explains company formation share capital issue accounting treatment Companies Act 2013 provisions.

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Company Accounts 2

There are two statements marked as Assertion (A) and Reason (R). Read the statements and choose the appropriate option f

Assertion (A) is true, but Reason company accounts correct; share issue forfeiture pro-rata per Companies Act.

Ref: NCERT Accountancy Class XII Chapter 6 Company Accounts explains company formation share capital issue accounting treatment Companies Act 2013 provisions.

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Company Accounts 2

The liability of every shareholder of the company is unlimited.

False company accounts correct; share issue forfeiture pro-rata per Companies Act.

Ref: NCERT Accountancy Class XII Chapter 6 Company Accounts explains company formation share capital issue accounting treatment Companies Act 2013 provisions.

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