Accounting for ...

X was issued $$500$$ shares of ABC Ltd. at $$Rs. 12$$ including $$Rs. 2$$ premium. He paid only application money of $$Rs. 3$$ and failed to pay the allotment money of $$Rs. 4$$ including premium. Consequently his shares were forfeited. Y was also allotted $$400$$ shares he paid $$Rs. 3$$ on application, $$Rs. 4$$ at the time of allotment and failed to pay the call money of $$Rs. 5$$. His shares were also subsequently forfeited. The company subsequently re-issued $$800$$ shares at $$Rs. 8$$ fully paid up as $$Rs. 10$$. Find the amount left in share forfeited A/c.

The audit of joint stock companies is done _________________.

On a share of $$Rs. 100$$ issued at a premium of $$Rs. 10$$ the whole amount has been called up but in the case of a shareholder only $$Rs. 80$$ has been received. On reissue of the shares at $$Rs. 90$$ fully paid up the discount on reissue would be ___________.

On a share of $$Rs. 100$$ issued at a premium of $$Rs. 10$$ the whole amount has been called up but in the case of a shareholder only $$Rs. 80$$ has been received and subsequently these were forfeited. What should be the minimum price at which the forfeited shares can be reissued?

ABC Ltd. purchased a plant of Rs.$$30,000$$ from DEF Ltd. The company paid Rs.$$8,000$$ in cash and agreed to allottee sufficient number of equity shares of Rs.$$10$$ each at a premium of $$10\%$$. Find the number of shares to be allotted to DEF Ltd.

As per Companies Act, $$2013$$ as private company can have ________ members.

As per Companies Act, $$2013$$ a company must prepare its books as per _________.

Shares issued to the promoters for their services is debited to ___

Profit from the date of purchase of business to the date of incorporation of the company is called

In dematerialization of shares ______ passes the physical shares to company for making it into electronic form.