When excess application money is adjusted towards allotment is called as
Rejection of shares
Pro-rata allotment
Full allotment
Calls in advance
Being an artificial person, company cannot sign the documents and can act only through natural persons called
Shareholders
Directors
Executives
Partners
Identify the Accounts entry for forfeiture of shares issued at Par ?
Share capital a/c Dr
To Forfeited share a/c
To share Allotment a/c
To share (first/second/third) call a/c
Forfeited share a/c Dr
Share Allotment a/c Dr
To Share capital a/c
Both a and b
Holders of shares of a company is called
Debenture holders
Managers
A particular amount of money used in the business for the purpose of earning revenue is
Profit
Goodwill
Capital
Debentures
The rate of dividend is decided by the
Board of directors
The balance in the forfeited share account is a capital profit and will ne transferred to
Forfeited shares account
Shareholders account
Securities premium account
Capital reserve account
Nominal or authorized capital is also known as
Uncalled capital
Registered capital
Called up capital
Subscribed capital
Tthe term securities premium has been used instead of 'Share Premium' in accordance with the provision of the
Companies (Amendment)Act ,1952
Companies (Amendment)Act , 1992
Companies (Amendment)Act ,1999
Companies (Amendment)Act ,1936
Maximum amount of capital which a company is authorised to raise is called
Issued capital
Unissued capital
Share capital
