Share Capital: Class 12 Previous Year Questions

Share Capital questions asked in CBSE board exams

Repeated questions first. Open the free app to see each question as it appeared in the paper, with its marking scheme.

1. (a) Altima Ltd. invited applications for issuing 2,00,000 equity shares of 10 each at a premium of 4 per share. The amount was payable as follows : On application and allotment - 7 per share (including premium 1) On first and final call - Balance Applications …
   Board 20256 markslong answerRepeated: 2023,2025,2026
2. (a) Generic Pharma Ltd. invited applications for using 3,00,000 equity shares of 10 each at a premium of 6 per share. The amount was payable as follows : on Application and Allotment - 4 per share (including premium of 2 per share) on First and Final Call - Ba…
   Board 20266 markslong answerRepeated: 2025,2026
3. (a) Alexia Limited invited applications for issuing 1,00,000 equity shares of 10 each at premium of 10 per share. The amount was payable as follows : On application 9 per share (Including premium 6 per share) On ailotment 8 per share (Including premium 4 per s…
   Board 20256 markslong answerRepeated: 2023,2025
4. Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public offer) is known as : (A) Sweat equity (B) Incorporation cost Employee stock option plan Private placement of shares (C) (D)
   Board 20251 markMCQRepeated: 2023,2025
5. (a) Ganga Ltd. invited applications for issuing 10,000 equity shares of 10 each. The amount per share was payable as follows : 2 on application, 3 on allotment, 3 on first call and 2 on second and final call. Applications were received for 15,o00 shares. The a…
   Board 20236 markslong answerRepeated: 2023,2025
6. Royal Fans Ltd. invited applications for 1,00,000 Equity Shares of Rs.100 each at a premium of 10%. The amount was payable as follows: On Application Rs. 50 per share On Allotment Rs. 35 per share (including premium) On First and Final Call Rs. 25 per share Ap…
   CBSE practice 2023-246 markslong answerRepeated: 2023,2025
7. Sakshi Ltd. forfeited 500 equity shares of 10 each, issued at a premium of 2 per share for non-payment of second and final call of 4 per share (including premium). The maximum amount of discount at which these shares can be reissued is : 1 per share (B) (A) 6 …
   Board 20261 markMCQ
8. Surya Ltd. issued 50,000 equity shares of 10 each. The amount was payable as follows : on Application - 3 per share on Allotment - 2 per share on First and Final Call - the balance Usha, to whom 7oo shares were allotted, paid her entire share money on allotmen…
   Board 20261 markMCQ
9. Dharma Ltd. was registered with an authorised capital of 30,00,000 divided into 3,00,000 equity shares of 10 each. The amount was payable as follows : On Application - 2 per share On Allotment-5per share On First and Final Call - Balance The company offered 90…
   Board 20266 markslong answer
10. (a) Hira Ltd. invited applications for issuing 2,00,000 equity shares of 10 each at a premium of 10%. The whole amount was payable with application. Applications were received for 4,00,000 equity shares. The company decided to allot the shares on pro-rata basi…
    Board 20261 markMCQ
11. (a) Miraya Ltd. took over assets of 70,00,000 and liabilities of 12,00,000 of Vishal Ltd. for a purchase consideration of 64,00,000. The payment of purchase consideration was made by issue of 50,000, 11% debentures of 100 each at a premium of 20% to Vishal Ltd…
    Board 20263 marksshort answer
12. Shanta Ltd. has an authorized capital of 30,00,000 divided into equity shares of 100 each. The company invited applications for issuing 28,000 shares. Applications for 27,000 shares were received and allotment was made to all the applicants in full. All calls …
    Board 20266 markslong answer
13. (a) Pass necessary journal entries for forfeiture and reissue of forfeited shares in the following cases : (i) Sanya Ltd. forfeited 2,000 shares of 10 each, issued at a premium of 2 per share, 8 called up, for non-payment of allotment money of 5 per share (inc…
    Board 20266 markscase-based
14. (a) As per Companies Act 2013, the balance in Securities Premium Account cannot be utilized for : (A) Writing off preliminary expenses of the company. (B) Writing off expenses of or commission paid or discount allowed on issue of shares or debentures of the co…
    Board 20261 markMCQ
15. (a) VL Ltd. offered for public subscription 90,000 equity shares of 10 each at a premium of 10%. The entire amount was payable on allotment was made to all the applicants on pro-rata basis. The amount received on application was (A) 10,00,000 (B) R 9,00,000 (D…
    Board 20251 markMCQ
16. 4,000 shares of 10 each were forfeited for non-payment of second and final call money of 2 per share. The minimum amount that the company must collect at the time of reissue of these shares will be : (A) ? 8,000 (B) 32,000 (C) 40,000 (D) 48,000 11 13.1, 202310…
    Board 20251 markMCQ
17. PL Ltd. was registered with an authorised capital of 10,00,000 divided into 1,00,000 equity shares of 10 each. The company offered to the public for subscription 90,000 equity shares. Applications were received for 82,000 equity shares and shares were allotted…
    Board 20256 markslong answer
18. Ajay Ltd. forfeited 100 shares of 10 each for non-payment of first call of 1 per share and second and final call of 3 per share. The minimum price per share at which these shares can be reissued will be : (A) 6 (B) 4 (C) 10 (D) 16 12. (a) (A· (0) (D) (b) (SEBI…
    Board 20251 markMCQ
19. Ridyum Limited issued 5,000, 9% debentures of 500 each at a premium of 10%. The amount was payable as follows : On Application - 200 per debenture On Ailotment - Balance (including premium) The debentures were fully subscribed and all amounts were duly receive…
    Board 20254 marksshort answer
20. Following is the extract of the Balance Sheet of Vikalp Ltd. as per Schedule-III, Part-I of Companies Act as at 31st March, 2024 along with Notes to accounts : Vikalp Ltd. Balance Sheet as at 31st March, 2024 31-03-2024 31-03-2023 Particulars Note No. (3) () E…
    Board 20256 markscase-based

Practise all 69 Share Capital questions with answers →

Other Class 12 Accountancy chapters

Frequently asked questions