Accounting for ...

Shobhana Ltd. forfeited $$30$$  shares of $$Rs.10$$ each fully called up for non-payment of allotment money of $$Rs.3$$ per share and call money of $$Rs.4$$ per share. These shares are re-issued for $$Rs.8$$ per share fully paid. What is the amount to be transferred to Capital Reserve Account?

If a share of Rs. 10 on which Rs. 8 is called -up and Rs. 6 paid is forfeited, the Share Capital Account will  be debited with _________.

When shares are forfeited all entries relating to the forfeited shares, except those relating to premium, already recorded in the accounting records, must be ______.

Which of the following statement is correct:

Bonus shares can be issued if the __________.

When any shareholder fails to pay the amount due on allotment or on any of the calls, such amount is known as ________.

The following journal entry is recorded for the amount of calls received in advance ______________________.

The main objectives of the company are stated in __________.

If the amount of minimum subscription is not received to the extent of _______,  the issue disslove.

Shares can be converted into stock when _________.