Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Financial Statements of a Company

Question:

As per Companies Act-2013, Disclosure related to share capital is compulsory for a period of 5 years immediately preceding the date of Balance sheet:

A. Number and class of shares bought back
B. Shares reserved under contracts/commitments
C. Forfeited shares
D. Number and class of shares allotted for consideration other than cash and bonus shares
E. Calls unpaid (Aggregate)

Options:

A, B and C only

B, C and D only

A, B and D only

C, D and E only

Correct Answer:

A, B and D only

Explanation:

The correct answer is Option 3- A, B and D only.

Over the period of the last 5 years prior to the preparation date of the balance sheet, the following information needs to be disclosed:
(a) Shares reserved under contracts/commitments.
(b) The number and class of shares bought back.
(c) The number and class of shares allotted for consideration other than cash and bonus shares.