Accounting for ...

On issue of shares, the application money must not be less than _____________.

On approval from the Central Government, the rate of discount on issue of shares can be ________ percent of the nominal value of the shares.

How much is authorized share capital?

If shares are forfeited, Forfeited Shares Account is ___________________.

Which of the following signifies the difference between par value and an issue price below par?

As Per the Companies Act, only preference shares, which are redeemable within ____________.

How much is Called up Capital?

F Ltd. forfeited 50 shares of Rs 100 each issued at 10% premium (to be paid at the time of allotment) on which first call of Rs 30 per share was not received, the second & final call of Rs 20 per share was not yet called. If 20 of these shares were re-issued as Rs 80 paid-up for Rs 90 per share, the Profit on re-issue is-

C Ltd. forfeited 50 shares of Rs 100 each issued at 10% premium on which allotment money of Rs 30 per share (including premium) and first call of Rs 30 per share were not received, the second & final call of Rs 20 per share was not yet called. If 20 of these shares were re-issued as Rs 80 paid-up for Rs 70 per share, the Profit on re-issue is __________.

The subscribed share capital of S ltd. is Rs 1,60,00,000 of Rs 100 each. There were no calls in arrear till the final call was made. The final call made was paid on 1,55,000 shares. The calls in arrear amounted to Rs 1,25,000. The final call on share = ?