Accounting for ...

_________ is a situation where number of shares applied are less than the number for which applications have been invited for subscription.

If shares are issued at premium, i.e. at an amount more than the nominal or par value of shares, the amount of premium is credited to a separate account called ________.

A company offered  2,00,000 shares for subscription to the public, but the applications were received for 1,90,000 shares only. The allotment will be confirmed to _________ shares.

Under issue of shares for consideration other than cash, the number of shares to be issued to the vendor will be calculated as ___________________.

Which of the following should be deducted from the share capital to find out paid-up capital?

ABC Ltd. invited applications for issue of $$100,000$$ shares of $$Rs. 10$$ each at a premium of $$Rs. 2, Rs. 5$$ called at the time of application, $$Rs. 5$$ (including premium) at the time of allotment and balance $$Rs. 2$$ at the time of $$1st$$ call. Applications were received for $$1,30,000$$ shares. Application money was returned to the extent to $$10,000$$ shares and pro rate allotment was made to the remaining applicants of $$120,000$$. PQR to whom $$500$$ shares were allotted failed to pay allotment and calls money. Based allotted on the above facts, cash/ bank a/c would be debited by ___________ at the time of receipt of allotment money.

The maximum amount beyond which a company cannot raise share capital is called its _________.

Dividends are usually paid on __________.

When the full amount due in any call is not received the shortfall is debited to ___________.

XYZ Ltd. invited applications for public issue of $$20,000$$ equity shares of $$Rs. 10$$ each at a premium of $$Rs. 2$$, payable as under $$Rs. 2$$ on applications, $$Rs. 3$$ on allotment, $$Rs. 5$$ on first call (including premium) and balance on second and final call. Applications were received for $$30,000$$ shares, pro rate allotment was made for $$24,000$$ applications and the remaining applications were rejected. Vinay, who applied for $$4800$$ shares, failed to pay second call. Consequently his shares were forfeited and re-issued at $$Rs. 6$$. What amount would be transferred to Capital reserve A/c after the reissue of the forfeited shares?