Accounting for ...

A company forfieted 1,000 shares on 10 each (which ere issued at par) held by Saurabh for non-payment of allotment money of Rs. 4 per share. The called-up value per share was t 8. On forfeiture, the amount debited to share capital account will be _____________.

Premium received on shares is treated as_______.

Share may be issued :

A company issued shares at Rs. 100. Company received Rs. 60 per share Rs. 60 is________.

Prospectus is_____.

The maximum amount beyond which a company is not allowed to raise funds by issue of its shares. is called ______________.

Amongst the following that is not short term means of raising capital_____.

Features of calls-in-advance_____.

Which of the following statement is correct for preference shares?

________ is particularly useful for enterprises that are legally structured as non-profits and therefore cannot obtain equity capital.