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12 TH Book Keeping Test Paper 1 Agc

The document is a test paper for XII Commerce students focusing on bookkeeping. It includes five questions requiring students to pass journal entries for various companies issuing shares under different conditions. Each question presents a scenario involving share applications, allotments, and calls, with specific details on payment amounts and shareholder responses.

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Ankit Giri
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13 views1 page

12 TH Book Keeping Test Paper 1 Agc

The document is a test paper for XII Commerce students focusing on bookkeeping. It includes five questions requiring students to pass journal entries for various companies issuing shares under different conditions. Each question presents a scenario involving share applications, allotments, and calls, with specific details on payment amounts and shareholder responses.

Uploaded by

Ankit Giri
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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XII COMMERCE

TEST – BOOK KEEPING


TIME – 1.30 Hrs | Marks - 50

Q1. Parimal Company Ltd. issued 1,00,000 preference shares of 20 each payable as...
On application. - ₹ 8
On allotment. - ₹ 6
On first call. -₹4
On final call. -₹2
Company received application for all these shares and received all the money.Pass journal entries in
the books of 'Parimal Company Ltd.

Q2. Mohini Company Limited issued 25,000 equity shares of 100 each payable as follows:
On application. - ₹ 20
On allotment. - ₹ 30
On first call. - ₹ 20
On second and final call. - ₹ 30
Applications were received for 22,000 equity shares and allotment of shares were made to them All
money received by the company. Pass Journal Entries in the books of Mohini Co. Ltd.

Q3. Sameer and Company Limited invited applications for 25,000 Equity shares of 100 each payable
as: ₹ 25 on application
₹ 50 on allotment
₹ 25 on first and final call
Applications were received for 30,000 Equity shares and pro-rata allotment were made to all. All the
money was duly received except first and final call on 2,500 Equity shares. Enter the above transactions
in the books of Sameer and Company Limited.

Q4. Ajita Ltd. issued 2,00,000 equity shares of ₹10 each at a premium of ₹2 per share payable as:
₹ 3 on application
₹ 5 on allotment (including ₹ 22 premium)
₹ 4 on first and final call
Applications were received for 2,40,000 equity shares and pro-rata allotment was made to all the
applicants, The excess application money was adjusted with allotment. Prerna who was allotted 400
shares failed to pay first and final call and her shares were forfeited. Pass Journal Entries in the books
of Ajita Ltd.

Q5. Akshat Co. Ltd. made an issue of 10,000 equity shares of 10 each, payable as follows:
On application – ₹ 2 per share
On allotment - ₹ 4 per share
On first call. – ₹ 3 per share
On second and final call - ₹ 1 per share
The company received applications for 15,000 equity shares of which applications for 5,000 equity
shares were rejected and money refunded. All the shareholders paid upto the second call except Kavita,
the allottee of 1,000 equity shares who failed to pay upto the final call.
Pass Journal Entries in the books of Akshat Co. Ltd.

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