Accounting for ...

In case of a company Buy Back is related to:

A Ltd. issued shares of $$Rs. 10$$ each at a discount of $$10$$%. Mr. B purchased $$60$$ shares and paid $$Rs. 2$$ on application but did not pay the allotment money of $$Rs. 3$$. If the company forfeited his entire shares, the forfeiture account will be credited by _____________.

Use the following information for questions given ahead:
B Ltd. was registered with a share capital of $$Rs. 2,00,00,000$$ divided into equity shares of $$Rs. 10$$ each. It issued $$Rs. 1,80,00,000$$ equity shares to the general public at par payable as to $$Rs. 3$$ on application, $$Rs. 3$$ on allotment and balance in $$2$$ equal calls. The public had subscribed for $$17,00,000$$ shares. Till $$31st$$ March, $$2006$$, only first call had been made. All the shareholders had paid up except Mr. C, a holder of $$50,000$$ shares, who did not pay the call money.
B Ltd.'s Called-up Capital will be _______________.

A company forfeited $$100$$ shares of $$Rs. 10$$ each owing to the default in the payment of share call money of $$Rs. 5$$ each. These shares were issued at $$Rs. 10$$ each, payable at $$Rs. 2$$ on application, $$Rs. 5$$ on allotment and the balance of $$Rs. 5$$ on call. The shares were then reissued to another shareholder at a price of $$Rs. 7$$ per share.
The amount to be debited to forfeited shares account on account of discount on re-issue of shares would be ______________.

Z Ltd. issued $$20,000$$ shares of $$Rs. 10$$ each. The called up value per share was $$Rs. 8$$. The company forfeited $$300$$ shares of Mr. A for non-payment of $$1st$$ call money of $$Rs. 2$$ per share. He paid $$Rs. 6$$ for application and allotment money. On forfeiture, the share capital account will be _________________.

Consider the following information pertaining to the issue of shares of a company. The company issued shares of $$Rs. 10$$ each at a premium of $$Rs. 2$$ payable as:
On application $$Rs. 3$$; On allotment $$Rs. 4$$ (including premium); On first call $$Rs. 3$$; On second and final call $$Rs. 2$$.
Mrs. A who holds $$200$$ shares failed to pay the first call money. The company has forfeited these shares after the first call. On forfeiture, the amount debited to share capital account is ______________.

If on a share of $$Rs. 100$$ where called up capital is $$Rs. 90$$, while the company received $$Rs. 80$$, the Capital Account should be credited with _____________.

The directors of a company resolve to forfeit $$1000$$ Equity Shares of $$Rs. 10$$ each, $$Rs. 7.50$$ paid up. $$700$$ of these shares were reissued at $$Rs. 7.00$$ per share. The amount to be transferred to Capital Reserve would be ______________.

TV Ltd. Had allotted 10,000 share to the applicants

of 14,000 shares on pro-rata basis. The amount payable on application is 2. X

applied for 420 shares. The number of shares allotted and the amount carried

forward for adjustment against allotment money due from X=?

Dividends are usually paid as a percentage of: