Accounting for ...

The voluntary return of shares for cancellation by shareholders is called ___________.

Which of the following statements is not true with regard to issue of shares by a joint stock company?

The following information pertains to X Ltd: The amount of dividend payable will be ___________.

Share Application and Allotment A/c are ___________.

At the time of forfeiture of shares which were originally issued at a discount, the accounting entry will be
I. A Debit Share capital account with the called-up value of shares forfeited.
II. A Credit Share forfeiture account with the amount received on forfeited shares.
III. A Credit Discount on issue of shares with the amount of discount allowed on forfeited shares,
IV. A Credit Calls-in-arrears with the amount due but not paid on forfeited shares.

The subscribed share capital of S Ltd. is Rs. $$80,00,000$$ of Rs. $$100$$ each. There were no calls in arrear till the final call was made. The final call made was paid no $$77,500$$ shares. The calls in arrear amounted to Rs. $$62,500$$. The final call on share will be _____________.

A company invited applications for certain number of equity shares and received applications for more number of shares along with the applications money. Which of the following alternative can be followed?
I. Refund the excess applications.
II. Make pro-rata allotment to all the applicants, and no refund of excess application money.
III. Not to allot any shares to some applicants, full allotment to some of the applications and pro-rata allotment to the rest of the applicants.
IV. Not to allot any shares to some applicants and make pro-rata allotment to other applicants.

Which of the following is not correct?

Which of the following statements is true regarding calls-in-arrears?

If the forfeited shares are issued at a premium, the amount of the premium shall be credited to ___________.