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🔥 VVIQ (Very Very Important Questions) with Answers | Session 2026–27 🔥
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🎉 Quiz Finished! 🎉
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Next quiz Tuesday at 20:00
Q10/10: If a company issues 1,00,000 shares but receives applications for 1,20,000 shares, the situation is referred to as:
Q9/10: 100 shares of Rs. 10 each, forfeited for non-payment of Rs. 3, were reissued at Rs. 8 per share fully paid. Amount transferred to Capital Reserve is:
Q8/10: A company forfeited 100 shares of Rs. 10 each (Rs. 8 called up) for non-payment of first call of Rs. 2. What amount will be debited to Share Capital Account?
Q7/10: X Ltd. issued shares of Rs. 10 each at a premium of Rs. 2. Payable: App Rs. 3, Allotment Rs. 5 (inc. premium), First Call Rs. 4. What is the share capital amount in allotment?
Q6/10: The portion of uncalled capital that can only be called up at the time of winding up of a company is:
Q5/10: According to Table F of the Companies Act 2013, what is the maximum amount of a single share call?
Q4/10: At what maximum discount can forfeited shares be reissued by a company?
Q3/10: The balance in the Forfeited Shares account after the reissue of shares is transferred to:
Q2/10: When debentures are issued as collateral security, which account is debited in the journal entry?
✨ Quiz Time! ✨
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Next quiz Saturday at 20:00
Q10/10: Which account is credited with the amount already paid when shares are forfeited?
Q9/10: The registered capital of a company is also known as:
Q8/10: Discount on issue of debentures is classified as a:
