Accounting for ...

Which of the following statements is false?

When shares are issued to promoters for their services, the account that will be debited is ______________.

The discount allowed on reissue of forfeited shares is debited to _________________.

The maximum amount beyond which a company is not allowed to raise funds, by issue of shares, is its _______________.

The part of share capital, which can be called up only on the winding up of a company, is called  __________________.

The maximum rate of premium at which shares can be issued is ________________.

Shares of a private company can be sold through __________________.

The excess amount received over the called amount of shares is credited to ________________.

X, who holds $$100$$ shares of $$Rs. 10$$ each, fails to pay final call of $$Rs. 2$$ per share. The directors forfeited all the shares and subsequently reissued $$50$$ shares of $$Rs. 10$$ each as fully paid on payment of $$Rs. 4$$ per share. The amount to be transferred to Capital Reserve would be _______________.

D Ltd. forfeited $$200$$ shares of $$Rs. 10$$ each, $$Rs. 7$$ called up on which Ram had paid only application money $$Rs. 3$$ per share. Of these, $$125$$ shares was reissued to Shyam for $$Rs. 9$$ per share fully paid. What will be balance in the Share Forfeited A/c after reissue of $$125$$ shares?