Accounting for ...

To receive calls in advance it should be ___________.

According to sec. $$2(68)$$ of the Companies Act, $$2013$$ a private limited company is one which by its article of associations __________.

Sushil was holding $$300$$ shares of $$Rs. 10$$ issued at a discount of $$Rs. 2$$ per share. He paid $$Rs. 2$$ as application and failed to pay allotment money of $$Rs. 3$$ as a result of which his shares were forfeited. At the time of forfeiture of his shares Share capital A/c will be debited by ________.

DEF Ltd. invited application 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 rata allotment was made to the remaining applicants of $$120,000$$. ABC to whom $$400$$ shares were allotted failed to pay first and final call. All the $$400$$ share were subsequently forfeited. There shares were subsequently re-issued at $$Rs. 8$$ fully paid. Based on the above facts, ABC must have applied for ___________.

Dividend is paid on ..

From the following details calculate the number of equity shares of Rs. $$10$$ each to be issued in order to redeem the preference shares.
$$12\%$$ Redeemable preference shares of Rs. $$10$$ each $$=$$ Rs. $$150,000$$
Security premium A/c $$=$$ Rs. $$15,000$$
General Reserve A/c $$=$$ Rs. $$10,000$$
Profit and loss A/c $$=$$ Rs. $$14,000$$
Redeemable preference shares are to be redeemed at $$10\%$$ premium.

LMN Ltd. invited application for issue of $$100,000$$ shares of $$Rs. 10$$ each at premium of $$Rs.2, Rs. 5$$ called at the time of applications, $$Rs. 5$$ (including premium) at the time of allotment and balance $$Rs. 2$$ at the time of $$1st$$ call. Application were received for $$1,30,000$$ shares. Application money was returned to the extent to $$10,000$$ shares and pro rata allotment was made to the remaining applicants of $$120,000$$. PQR to whom $$500$$ shares were allotted failed to pay allotment and calls money. Similarly ABC to whom $$400$$ shares were allotted failed to pay first and final call. All the $$900$$ shares were subsequently forfeited. These shares were subsequently re-issued at $$Rs. 8$$ fully paid. Based on the above facts, the minimum rate at which $$400$$ forfeited shares of ABC can be re-issued is ________.

From the following details calculate the number of equity shares of Rs. $$10$$ each to be issued in order to redeem the preference shares. The company intends to raise the balance fund through issue of sufficient number of preference shares at $$10\%$$ discount.
$$12\%$$ Redeemable preference shares of Rs. $$10$$ each $$=$$ Rs. $$150,000$$
Security premium A/c $$=$$ Rs. $$15,000$$
General Reserve A/c $$=$$ Rs. $$10,000$$
Profit and loss A/c $$=$$ Rs. $$14,000$$
Redeemable preference shares are to be redeemed at $$10\%$$ premium.

From the following details calculate the number of equity shares of Rs. $$10$$ each to be issued in order to redeem the preference shares.
$$10\%$$ Redeemable preference shares of Rs. $$10$$ each $$=$$ Rs. $$150,000$$
Security premium A/c $$=$$ Rs. $$20,000$$
General Reserve A/c $$=$$ Rs. $$10,000$$
Share forfeited A/c $$=$$ Rs. $$6,000$$
Profit and loss A/c $$=$$ Rs. $$10,000$$
Redeemable preference shares are to be redeemed at $$10\%$$ premium.

From the following details calculate the number of equity shares of Rs. $$10$$ each to be issued in order to redeem the preference shares. The company intends to raise fund through equity shares at $$10\%$$ discount.
$$13\%$$ $$(50000)$$ Redeemable preference shares of Rs. $$10$$ each $$=$$ Rs. $$500,000$$
Security premium A/c $$=$$ Rs. $$55,000$$
General Reserve A/c $$=$$ Rs. $$25,000$$
Profit and loss A/c $$=$$ Rs. $$20,000$$
Redeemable preference shares are to be redeemed at $$10\%$$ premium.