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 : What are the important objectives of preparing realisation account - 

(A) To close all the books of account.

(B) To record transactions relating to the sale of assets and discharge of liabilities.

(C) To determine profit or loss due to the realisation of assets and liabilities.

Option 1: (A) & (B)

Option 2: (B) & (C)

Option 3: (A) & (C)

Option 4: (A), (B) & (C)