Page 41 - DCOM201_ACCOUNTING_FOR_COMPANIES_I

Accounting for Companies-I

Notes Cash Book (Bank Column Only)
Particulars Particulars
To Share Application Account 32,000 By balance c/d 1,33,000
To Share Allotment Account 29,000
To Share First and Final Call Account 72,000
1,33,000 1,33,000
Balance Sheet of Agfa Co. Ltd. for the year ending...................

Liabilities Assets
Authorised capital: 5,00,000 Sundry Assets 80,000
50,000 shares of 10 each Goodwill 40,000
Bank Balance 1,33,000
Paid up Capital 8,000 shares of Rs 10 each 80,000
issued to vendor for the purchase of assets 40,000
4,000 shares of 10 each issued to promoters 1,33,000
16,000 shares of 10 each issued used
for cash 1,60,000
Less : Call-in-Arrear 27,000
2,53,000 2,53,000

Self Assessment

Fill in the blanks:
13. A public limited company must have at least ................................. directors.

14. The director of a public limited company must be a .................................
Choose the correct answer:

15. Right shares means such shares which are
(a) issued by a newly formed company
(b) issued to the directors of the company

(c) first offered to the existing shareholders
(d) issued to any person.
16. Preference shares of a company means:

(a) Creditors
(b) Owners
(c) Customers

(d) Partners

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