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Question Bank

JSSC TGT Teacher Accountancy Exam (Paper 4) - Hindi

Duration: 60 · Questions: 60 · Max Marks: 60 · Language: 3

View JSSC TGT Teacher Accountancy 2026 Exam Page

Accountancy

1
Companies Act is governed by
  1. A.RBI
  2. B.SEBI
  3. C.Partnership Act
  4. D.Ministry of Corporate Affairs
2
Own shares purchased by a company with a view to reduce its capital is called
  1. A.sale
  2. B.Purchase
  3. C.buy-back
  4. D.Private placement
3
A company in which there is only one member is called
  1. A.one member company
  2. B.one person company
  3. C.single company
  4. D.Individual company
4
Shares which have preferential rights are called
  1. A.Equity share
  2. B.Preference share
  3. C.Debenture
  4. D.Bond
5
Which of the following is the registered capital of the company ?
  1. A.Nominal capital
  2. B.Authorised capital
  3. C.Share capital
  4. D.Both (a) and (b)
6
Capital which is called only at the time of winding-up of the company is called
  1. A.Capital reserve
  2. B.Reserve capital
  3. C.Secure capital
  4. D.Authorised capital
7
Which kind of preference share entitIes its holders to receive arrear of dividends of previous years ?
  1. A.Cumulative preference share
  2. B.Non-cumulative preference share
  3. C.Convertible preference share
  4. D.Non-convertible dividend share
8
Which document is an invitation offer to public to subscribe for company’s share ?
  1. A.Red herring prospectus
  2. B.Prospectus
  3. C.In lieu of prospectus
  4. D.None of the above
9
The balance of share forfeiture account can be used to
  1. A.Provide for discount given at the time of reissue
  2. B.Write-off preliminary expenses
  3. C.Write-off bad debts
  4. D.None of the above
10
A company issued 25,000 shares and received applications for 35,000 shares. Company wants to allot shares to everyone who has applied. What will be the ratio for allotment ?
  1. A.6 : 7
  2. B.7: 5
  3. C.5 : 7
  4. D.7 : 6
11
A company issued 10,000 shares of Rs10 each. Amount is payable as Rs 2 on application, Rs 5 on allotment and Rs 3 on first and final call. A shareholder who had 1,000 shares failed to pay allotment and first call amount on due date. After a month, he paid the due amount. What will be the amount received by company against issue of shares ?
  1. A.Rs 92,000
  2. B.Rs 90,000
  3. C.Rs 1,00,000
  4. D.Rs 8,000
12
Nominal share capital is
  1. A.That part of the authorised capital which is issued by the company
  2. B.The amount of capital which is actually applied for by the prospective shareholders
  3. C.The maximum amount of share capital which a company is authorised to issue
  4. D.The amount actually paid by the shareholders
13
Money received in advance from shareholders before it is actually called-up by the directors is
  1. A.Mebited to calls-in-advance account
  2. B.Credited to calls-in-advance account
  3. C.Debited to calls account
  4. D.None of the above
14
Shares can be forfeited
  1. A.For non-payment of call money
  2. B.For failure to attend meetings.
  3. C.For failure to repay the loan to the bank
  4. D.For which shares are pledged as a security.
15
The profit on reissue of forfeited shares is transferred to
  1. A.General reserve
  2. B.Capital redemption reserve
  3. C.Capital reserve
  4. D.Revenue reserve
16
Balance of share forfeiture account is shown in the balance sheet under the item
  1. A.Current liabilities and provisions
  2. B.Reserves and surpluses
  3. C.Share capital
  4. D.Unsecured loans
17
Amox Ltd. is registered with a capital of 10,00,000 equity shares of Rs 10 each. 6,00,000 equity shares were offered for subscription to public. Applications were received for 6,00,000 shares. All calls were made and amount was duly received except final call of Rs 2 on 80,000 shares.What Will will be the amount of share capital shown in the balance sheet ?
  1. A.Rs 60,00,000
  2. B.Rs 58,40,000
  3. C.Rs 5,84,000
  4. D.Rs 6,00,000
18
Which amongst the following shares conter voting rights on its holders ?
  1. A.Equity shares
  2. B.Redeemable preference shares
  3. C.Participatory preference shares
  4. D.None of the above
19
Amount payable on shares can be received in installments by the company. What is the first installment called ?
  1. A.Application money
  2. B.Allotment money
  3. C.First call money
  4. D.Second call money
20
Total capital specified in capital clause is Rs 50,00,000 which is divided in 35,000 equity shares of Rs 100 each and 15,000, 10% preference shares of Rs100 each. The company issued 10,000 equity shares and 5,000 preference shares. The public subscribed for 9,000 equity shares and 4,500 preference shares out of the issued shares. What will be the subscribed capital amount ?
  1. A.Rs 50,00.000
  2. B.Rs 50,000
  3. C.Rs 9,00,000
  4. D.Rs 13,50,000
21
Akash Ltd. registered capital is Rs 50,00,000 in shares of Rs 10 each.The company issued 2,00,000 of such shares, payable @ Rs 3 per share on allotment. What will be the amount due on allotment, if shareholder holding 20,000 shares paid all call money at the time of allotment only ?
  1. A.Rs 4,00,000
  2. B.Rs 6,00,000
  3. C.Rs 60,000
  4. D.Rs 1,50,000
22
The subscribed share capital of XYZ Ltd. is 80.00.000 divided in shares of Rs 100 each. There were no calls-in-arrears till the final call was made. The final call was paid on 77,500 shares. The calls-in-arrears amounted to Rs 62,500. Calculate the final call per share.
  1. A.Rs 20
  2. B.Rs 30
  3. C.Rs 25
  4. D.Rs 35
23
Shares for consideration other than cash can be issued at
  1. A.Par
  2. B.Premium
  3. C.Discount
  4. D.Both (a) and (b)
24
Neton Ltd. has in its memorandum of association.Capital clause stating that it is formed with 75,000 equity shares of Rs 100 each. The company has issued the entire shares and the public has also subscribed and paid-up for the full amount on application itself. What will be the subscribed capital Rs
  1. A.Rs 75,00,000
  2. B.Rs 10,00,000
  3. C.Rs 1,00,000
  4. D.Rs 7,50,000
25
Shareholders receive ......... from the company as a benefit against their investment.
  1. A.Interest
  2. B.Commission
  3. C.Profit
  4. D.Dividend
26
If the purchase consideration is more than net worth, then which account will be debited for the difference amount ?
  1. A.Capital Reserve A/c
  2. B.Asset A/c
  3. C.Goodwill A/c
  4. D.Vendor A/c
27
Singh who was allotted 200 equity share of Rs 20 each by a ’company, failed to pay Rs 8 each on final call. Shares were re-issued to Kumar at Rs 20 each. What will be the journal entry on re-issue ?
  1. A.Bank A/c Dr                               4000
    To Equity Share Capital A/c      4000
  2. B.Equity Share Capital A/c Dr    4000
    To Bank A/c                             4000
  3. C.Bank A/c Dr                        4000
    To Share Forfeiture A/c      4000
  4. D.Share Forfeiture A/c Dr    4000
    To Bank A/c                      4000
28
Issued 10,000 shares of Rs 100 each to the Narayan Ltd. @10% premium and paid Rs 2,00,000 in cash for a consideration of running business purchased. Journalise this transaction .
  1. A.Narayan Ltd. Dr                                       13,00,000
    To Share Capital A/c                                10,00,000
    To Securities Premium Reserve A/c        1,00,000
    To Cash A/c                                              2,00,000
  2. B.Narayan Ltd. Dr                13,00,000
    To Share Capital A/c         13,00,000
  3. C.Narayan Ltd. Dr       13,00,000
    To Cash A/c             13,00,000
  4. D.Share Capital A/c Dr                                  100000
    Securities Premium Reserve A/c Dr          1,00,000
    Cash A/c Dr                                               2,00,000
    To Narayan Ltd.                                         1300000
29
Pass the journal entry for amount of first call, Rs 90,000 received after deducting calls-in-arrears of Rs 6,000 .
  1. A.Bank A/c Dr                         90,000
    Calls-in.arrears A/c Dr         6,000
    To Share First Call A/c        96,000
  2. B.Share First Call A/c Dr       96,000
    To Bank A/c                        90000
    To Calls-in-arrears A/c        6000
  3. C.Bank A/c Dr                        96,000
    To Share First Call A/c        96000
  4. D.None of the above
30
Which of the following is main source of income of non-profit organisation ?
  1. A.Sale of old books
  2. B.Sale of old furniture
  3. C.Received subscription
  4. D.Business
31
There are 500 members in Diamond Club, paying an annual subscription of Rs 50 each. Subscription received during the year Rs 20,000 including Rs 2,000 for next year. Calculate amount to be shown as outstanding subscription.
  1. A.Rs 7,000
  2. B.Rs 5,000
  3. C.Rs 25,000
  4. D.Rs 18,000
32
Donation can be
  1. A.General donation
  2. B.Specific donation
  3. C.Both (a) and (b)
  4. D.None of these
33
In the final account of non-profit organisation, closing balance of cash will be recorded in
  1. A.Receipt and payment account only
  2. B.Balance sheet only
  3. C.Income and expenditure account
  4. D.Receipt and payment account and balance sheet both
34
In the absence of any specific information, entrance fees may be treated as
  1. A.Revenue receipt
  2. B.Capital receipt
  3. C.Non-cash receipt
  4. D.Deferred receipt
35
Consider the following statements
I. Income and expenditure records both capital and revenue items.
II. Receipt and payment account records only revenue items during the year.
Choose the correct option
  1. A.Both are incorrect
  2. B.Both are correct
  3. C.Only (i) is correct
  4. D.Only (ii) is correct
36
Find the cost of medicines consumed, if Opening stock of medicines Rs 30,000 Purchases during the year Rs 50,000 Closing stock Rs 20,000
  1. A.Rs 80,000
  2. B.Rs 60,000
  3. C.Rs 50,000
  4. D.Rs 40,000
37
For the year ending 31st March, 2022, the following entries appeared related to subscription received                                                  
2020-21                                 5,000
2021-22                                 96,000
2022-23                                 10,400
The club has 300 members, paying annual subscription of Rs 400 each. Subscription outstanding on 31st March, 2021 was Rs 8,000. Calcu late the amount of subscription to be shown in the income and expenditure account ?
  1. A.Rs 96,000
  2. B.Rs 1,11,400
  3. C.Rs 1,20,000
  4. D.Rs  91,000
38
What amount of rent will be transferred to debit side of income and expenditure account, if rent paid during the year was Rs 70,000, rent outstanding at the end of the year Rs 6,000 and rent outstanding at the beginning of the year Rs 8,000 ?
  1. A.Rs 60,000
  2. B.Rs 68,000
  3. C.Rs 70,000
  4. D.Rs 72,000
39
On 15th April, 2021, assets of Ashish club was as follows
Assets : Land and building Rs 1,00,000, Cash in hand Rs 30,000, Furniture Rs 65,000, Subscription receivable Rs 30,000 .
Liabilities : Bank overdraft Rs 1,25,000, Outstanding salaries Rs 15,000.Capital fund as on 1st April, 2021 will be
  1. A.Rs 85,000
  2. B.Rs 75,000
  3. C.Rs 1,10,000
  4. D.Rs 8,000
40
Consider the following information Sports fund investment Rs 70,000
Donation for sports fund Rs 15,000 Sports prizes awarded Rs 10,000
Expenses on sports events Rs 8,000 Income from sports fund investment Rs 5,000 Calculate amount of sport fund that will be shown in liability side of balance sheet.
  1. A.Rs 40,000
  2. B.Rs 38,000
  3. C.Rs 45,000
  4. D.Rs 72,000
41
Calculate the amount of locker rent to be transferred to income and expenditure account .
Particulars                            31st March, 2021 (Rs)         31st March, 2022 (Rs)
Outstanding Locker Rent               9,200                                      12,600
Advance Locker Rent                     6,000                                      8,000
Locker rent received during the year 2021-22, Rs. 64,000 .
  1. A.Rs 65,400
  2. B.Rs 66,500
  3. C.Rs 66,000
  4. D.Rs 73,000
42
Opening balance of prize fund was Rs 16,400. During the year, donations received towards this fund amounted to Rs 7,700, while amount spent on prizes was Rs 6,150 and interest received on prize fund investment was Rs 2,000. The closing balance of prize fund will be
  1. A.Rs 28,250
  2. B.Rs 32,250
  3. C.Rs 19,950
  4. D.Rs 15,950
43
Capital fund in non-profit organisation will be
  1. A.Total Assets - Total Liabilities
  2. B.Total Assets - External Liabilities
  3. C.Total Assets - internal Liabilities
  4. D.Total Fund - Total External Liabilities
44
Receipt and payment account is the summary of
  1. A.Bank balance
  2. B.Capital account
  3. C.Cash hook
  4. D.Income and expenditure account
45
The amount of subscriptions received in advance shown in
  1. A.liabilities side
  2. B.Assets side of balance sheet
  3. C.payments side of receipts and payments account
  4. D.None of the above
46
Receipt and payment account generally shows
  1. A.A debit balance
  2. B.A credit balance
  3. C.Surplus and deficit.
  4. D.Capital fund
47
Item that should be debited in the income and expenditure account of a college is
  1. A.Tuition fees received from students
  2. B.Equipment purchased for science laboratory
  3. C.Amount of reward
  4. D.Fines collected from students
48
Receipt and payment account shows
  1. A.Income and expenditure
  2. B.Profit and loss
  3. C.Saving and deficit
  4. D.Cash receipts and payments
49
Funds raised by non-profit organisation for its operation are credited to
  1. A.Capital Fund of NPO
  2. B.General fund of NPO
  3. C.Reserve Fund of Bank
  4. D.Both (a) and (b)
50
Which of the following cannot be recorded in the receipt and payment account of a club ?
  1. A.Payment made to workers
  2. B.Sale of old newspaper
  3. C.Loss on sale of fixed asset
  4. D.All of the above
51
Uttar Charitable gets surplus from his income and expenditure account of Rs. 65,000 in 2018-19. It will be recorded in debit side of the account.
  1. A.Receipts and payments
  2. B.Income and expenditure
  3. C.Both (a) an.d (b)
  4. D.None of these
52
Pass journal entry for subscription recorded in the  Income and Expenditure
  1. A.Income and expenditure account.                 Dr  --
    To Subscription A/c                                     --
  2. B.Subscription A/c                                                 Dr  --
    To Income and Expenditure A/c                            ..---
  3. C.Bank A/c                                                    Dr —
    To Income and Expenditure Alc          ---
  4. D.None of the above
53
Which of the following will be recorded in credit side of receipts and payments account ?
  1. A.300 received from entrance tees
  2. B.Cash purchases of books 700
  3. C.Donation received Rs 800
  4. D.Outstanding 300 for repair
54
25 Profit or loss on sale of any fixed asset is treated as…. in concern Of NPOs.
  1. A.capital income or lc
  2. B.revenue income or loss
  3. C.Not considered while preparing account
  4. D.None of the above
55
Pass the journal entry for Royal Dance Club, whose deficit is calculated Rs. 91,000 during 2019-20 .
  1. A.Income and Expenditure Ac Dr    91000
    To Deficit Aic                                91,000
  2. B.Deficit A/c Dr                                   91000
    To Income and Expenditure A/c      91000
  3. C.Cash A/c Dr                                     91000
    To Income and Expenditure A/c      91000
  4. D.None of the above
56
A non-profit organisation normally prepares ….;   
before preparing balance sheet.
  1. A.Income and expenditure account
  2. B.Real account
  3. C.Trading account
  4. D.None of the above
57
Debit balance in receipts and payments account was shown as 80.000. subscription received amounted to Rs 9,600 out of which Rs 3.000 is related to next year. According to you. what amount will be shown in receipts and payments account ?
  1. A.Rs. 80.000
  2. B.Rs 89600
  3. C.Rs. 9.600
  4. D.Rs 86600
58
What is an accounting treatment of cash received for life membership fees ?
  1. A.Debit in income and expenditure account
  2. B.Credit in income and expenditure account
  3. C.To be shown in liabilities column of balance sheet
  4. D.To be shown in assets column of balance sheet
59
Nature of goodwill is
  1. A.Intangible asset
  2. B.fictitious asset
  3. C.long-term liability
  4. D.current asset
60
Which of the following is/are method(s) of valuation of goodwill ?
  1. A.Average profit method
  2. B.Super profit method
  3. C.Capitalisation method
  4. D.All of these
Question for JSSC TGT Teacher Accountancy 2026 - Quiz / Questions / MCQ - Toppersexam