Accounting for ...

Securities premium amount cannot be used for:

Which of the following conditions must be fulfilled to issue the shares at discount?

Premium on issue of shares can be used for __________. 

On a share of $$Rs. 20$$ issued at a premium of $$Rs. 4$$ on which $$Rs. 16$$ (including premium) has been called up and $$Rs. 10$$ (including premium) paid is forfeited, the share capital account should be debited by ____________. 

ABC Ltd. forfeited $$20$$ shares of $$Rs. 10$$ each, $$Rs. 7$$ called up on which application money of $$Rs. 5$$ per share was paid. The entry for forfeiture is __________. 

There are 30,000 preference shares of Rs. 10 each fully called up. But there are calls-in-arrears of Rs. 2,000 @ Rs. 2 per share. Company can redeem:

Redeemable preference shares of Rs 2,00,000 are redeemed at par for which purpose fresh equity shares are issued for Rs 80,000 at par. The amount to be transferred to Capital Redemption Reserve Account would be:

A company cannot issue redeemable preference share for a period exceeding___________.

At the time of forfeiture of shares the share capital account is __________. 

_____ refers to that part of the issued capital which has actually been subscribed by the public.