Accounting for ...

When shares are forfeited, share capital account is debited by __________.

The discount on re-issue of forfeited shares is debited to the  ________ A/c.

On forfeiture of shares, which of the following account is credited with the amount of money already received on such shares?

Forfeiture of shares results in compulsory termination of _____________ due to non-payment of allotment/call money. 

Shares which carry preferential rights are called _________.

The part of the capital which will be called up only in the event of winding up of the company is called _____ capital.

______ is deducted from the called-up capital in order to calculate paid-up capital.

The profit on re-issue of shares is transferred to ________.

When an existing company takes over the business of one or more existing companies, it is called _____________.

For amalgamation in the nature of merger, the shareholders holding at least _______or more of the facevalue of equity shares of the transferor company becomes the equity shareholders of the transferee company.