Accounting for ...

Which of the following Table of Schedule I to the Companies Act, 2013 contains the provisions relating to Calls-in-Advance & Calls-in-Arrears?

Which of the following securities can be forfeited for non-payment of allotment or call money?
(I) Equity Shares
(II) Equity Shares, Preference Shares
(III) Preference Shares, Equity Shares & Debentures
(IV) Debentures
Select the correct answer from the options given below -

________ shares is the most important source of raising long term capital by a company.

The forfeited shares may be re-issued____.
(I) at par only
(II) at par or at premium only
(III) at par or at discount only
(IV) at par or at premium or at discount
The correct answer is -

Equity shares represent the __________ of a company.

Capital of the company which is usually divided into different units of a fixed amount known as_____.

If the number of shares issued for is more than the number of shares applied, the shares are said to be______.

The money raised by issue of preference shares is called as _________ share capital.

The money raised by issue of equity shares is called ________ share capital.

B Ltd. issued 1,00,000 equity shares of Rs. 10 each to the public at par. The details of the amount payable are as follows:
Application                Rs. 2.00
Allotment                   Rs. 3.00
First & final call         Rs. 5.00
Applications were received for 1,20,000 shares. Excess application monies were refunded. All other amount was received excepting final call on 1,000 shares. These shares were forfeited and reissued at Rs. 8 per share.
On reissue of forfeited shares, discount debited to share forfeiture account will be ______.