Accounting for ...

When company issues shares at a premium, the amount of premium may be received by the company:

Anju Ltd. issued certain number of shares of Rs. 100.00 each. On all shares the application and allotment monies of Rs.15.00 and Rs. 40.00 respectively have been received. But the first call of Rs. 30.00 and second call of Rs.15.00 on 100 shares have not been received. These shares are forfeited and the entry to record forfeiture is:

Amit holds 20 shares of Rs. 10.00 each on which he had paid Rs. 2.00 per share on application but could not pay Rs. 3.00 per share on allotment and Rs. 1.00 per share on first call. The journal entry to record the forfeiture of these shares is:

The journal entry for the issue of shares at a premium to be recorded at the time of allotment is:

When a fixed asset is acquired in exchange for shares and other securities in the enterprise, it is usually recorded at:

Which of the following is correct ?

Vikas was holding 30 shares of Rs. 10.00 each issued at $$10\%$$ discount. He paid Rs. 2.00 per share on application but could not pay the allotment money of Rs. 3.00 per share and his shares were forfeited. The journal entry to record forfeiture is :

The profit on the re-issue of forfeited shares is transferred to ________________.

Madhur Ltd. forfeited 10 shares of Rs. 10 each, (Rs. 8 called up) issued at a discount of $$10\%$$ to Anita on which she had paid Rs. 2 per share. Out of these, 8 shares were re-issued to Sumita as Rs. 8 called up for Rs. 6 per share. What amount is left in share forfeiture account after re-issue of 8 shares?

Anmol Ltd. forfeited 20 shares of Rs. 10 each and of which Rs. 4 per share were paid. What minimum price company must charge if the forfeited shares are re-issued as Rs. 8 per share paid up?