Accounting for ...

At the time of forfeiture of shares, with what amount share capital account will be debited, when share of Rs.20 on which Rs.16 called and Rs.12 is paid is forfeited?

Discount on Reissue of shares cannot be more than the _________

When will you record the following entry?
Share Applications A/c
To Bank A/c

Following Entry takes place when:
Bank A/c Dr.
To Share Application A/c

Entry for reissue of forfeited shares at discount will be

What entry will take place at the time of receipt of calls in arrears?

X Limited forfeited 1,000 shares of 10 each for the non-payment of the final call of Rs.2 per share. These shares were reissued @ Rs.8 per share fully paid up. Find out the amount of capital reserve.

T Ltd. was formed with a nominal Share Capital of ₹40,00,000 divided into 4,00,000 shares of `10 each. The Company offers 130000 shares to the public payable ₹3 per share on Application, ₹3 per share on Allotment and the balance on First and Final Call. Applications were received for 120000 shares. All money payable on allotment was duly received, except on 200 shares held by Y. First and Final Call was not made by the Company. Call in arrears will be of

Forfeited shares can be reissued at ____________

10,000 shares issued for public subscription at a premium of 10%. Full amount was payable on application. Applications were received for 15,000 shares and pro-rata allotment was made. Find the amount to be refunded?