Accounting for ...

Large Ltd. issued 25,000 equity shares of Rs.100 each at a premium of Rs.15 each payable as Rs.25 on application, Rs.40 on allotment and balance in the first call. The applications were received for 75,000 equity shares. The above is the case of ____________.

Y Ltd. forfeited 300 shares of Rs.10/- each for non-payment of allotment money of Rs.4/- first call and second call of Rs.2/- each. All the shares were re-issued @ Rs.10 paid up. Calculate the amount transferred to capital reserve.

X Ltd. forfeited 700 shares of Rs. 10 each (9 called up) on which he paid up 7 per share. Out of these 200 shares were re-issued at Rs. 9. Calculate the amount credited to Share Capital A/c at time of re-issued?

Company cannot issue shares more than _______________.

X failed to pay final call on 24,000 shares Rs.20 per share on 15.12.2013 and paid the same on 15.03.2014. What is the interest of calls in arrears.

Pious Limited purchases a machine worth Rs. 1,15,000 from Indigo Traders. Payment was made as Rs. 10,000 by cheque and the remaining by issue of equity shares of the face value of Rs. 10 each fully paid-up at an issue price of Rs. 10.50 each. Amount of share premium would be -

Total share holding of an investor is known as his/her _____________.

Premium received on re-issue of forfeited share should be ____________.

Which of the following statement is not true?

When shares are issued at a price less than the face value, they are said to be issued at __________.