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Free MCQ’s Quiz on Class 12 Accountancy Part 2 – Chapter 1 – Accounting for Share Capital – Set 1

Free MCQ’s Quiz for Class 12 Accountancy Part 2 Chapter 1 – Accounting for Share Capital with Answers is prepared based on the latest CBSE Exam Pattern for the Academic Session. Students can solve NCERT based Class 12th Accountancy – ‘Accounting for Share Capital’ Multiple Choice Questions with Answers to know their preparation level on the Success Roar Classes website.

Here, we have provided Free MCQ’s Quiz on Class 12 Accountancy Part 2 – Chapter 1 – Accounting for Share Capital. This chapter discusses the accounting for a company’s share capital. A large number of people, known as shareholders, contribute to a company’s capital. These shareholders are given company stock. Such transactions are subject to special accounting, which includes the share capital account.

To make you perfect in this topic –Accounting for Share Capital, we are here with a set of MCQs Quiz that will help you in brushing up the understanding of the concepts.

Free MCQ’s on Accounting for Share Capital.

Each set of MCQ’s consists of 10 Questions and you can see the results immediately after submitting the Set.

Free MCQ’s on Accounting for Share Capital

Results

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#1. The term "reserve share capital" refers to the following:

#2. When the full amount due on a call is not received, the difference is debited to:

#3. What is the term for the difference between subscribed capital and called up capital?

#4. A part of subscribed uncalled capital is called ____.

#5. The liability of the members of a company is limited to the extent of the _______ of the shares held by them.

#6. Equity shareholders are ____ of the company.

#7. To whom dividend is given at a fixed rate in a company?

#8. Capital reserves are created from ___.

#9. Share Application Account is

#10. A company's capital is divided into units, which are referred to as ____.

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