Question : Which one of the following is a permanent representative personal account of shareholders?

Option 1: Share Application A/c

Option 2: Share Allotment A/c

Option 3: Share Application & Allotment A/c

Option 4: Share Capital A/c

Question : Received share application money towards application & allotment of shares will be credited to which of the following account?

Option 1: Share Application & Allotment A/c

Option 2: Share Application A/c

Option 3: Share Capital A/c

Option 4: None of these

Question : Share application and allotment account is a-

Option 1: Personal Account

Option 2: Real Account

Option 3: Nominal Account

Option 4: None of the Above

Question : A shareholder failed to pay share allotment money on 10,000 shares @ Rs. 30 per share. Which one of the following account will be taken into account?

Option 1: Debited to Share Capital A/c

Option 2: Debited to Calls-in Arrears A/c

Option 3: Credited to Calls-in in Arrears A/c

Option 4: Credited to Share Capital A/c

Question : The nature of Receipts and Payment Account is:

Option 1: Nominal

Option 2: Artificial Personal

Option 3: Representative Personal

Option 4: Real