Accounting for ...

A sends goods to B of Delhi, the goods are to be sold at 125% of cost which is invoice price. Commission is 10% on sales at invoice price and 25% of any surplus realized above IP. 10% of the goods sent out on consignment, invoice value of which is Rs 12,500, were destroyed. 75% of the total consignment is sold by B at Rs 1,00,000. What will be the amount of commission payable to B?

While making an adjusting entry in respect of interest on capital, we credit __________________.

A company has issued $$15,000$$ shares of $$Rs. 10$$ each. The amount has been demanded as under:
On Application - $$Rs. 3$$. On Allotment - $$Re. 1$$
On $$1st$$ Call - $$Rs. 4$$. On $$2nd$$ and Final Call - $$Rs. 2$$.
A shareholder holding $$500$$ shares did not pay $$1st$$ and $$2nd$$ call money. His shares have been forfeited. These shares have been reissued @ $$Rs. 9$$. The amount transferred to Capital Reserve is

The balance in the deceased partner's capital account is transferred to the _________capital account.

A and B enter into a joint venture to underwrite shares of K Ltd. K Ltd. make an equity issue of 100,000 equity shares. 80% of the shares underwritten by the venturer. 80,000 shares are subscribed by the public. How many shares are to be subscribed by the venture?

Share Application Account is in the nature of ______________.

A company can not issue following kinds of shares _____________.

Which of the following is incorrect as to a share?

Share or Security Premium can be used for writing off _____________.

Which of the following statements is false?