Accounting for ...

X Ltd. forfeited 10 shares of Rs 10 each issued at a discount of 10% to Y on which a second & financial call of Rs 4 was not yet called and a first call of Rs 4 was not received. 8 of these shares were reissued as Rs 8 called up for Rs 7.50 per share. On reissue, the Share Capital will be ____________.

Y Ltd. forfeited 50 shares of Rs 100 each issued at 10% premium on which allotment money of Rs 30 per share (including premium) and first call of Rs 30 per share were not received and the second and final call of Rs 20 per share was not yet called. 20 of these shares as Rs 80 paid up for Rs 70 per share.
On re-issue, the Share Capital Account will be ___________________.

The interest on calls-in-advance is paid for the period from the _________.

Which of the following statements is false?

Which of the following statements is false?

Which of the following statements is true?

How much is Paid up Capital?

In the absence of partnership agreement, interest on drawings of a partners is charged :

Preference shareholders are ______ of the company.

Public limited companies cannot issue __________.