How much amount will be credited to share allotment A/C. When a company forfeited 100 shares of Rs 10 each for non-payment of allotment of Rs 3 and final call of Rs 4 per share.
Rs 100
Rs 200
Rs 300
Rs 400
In which preference share arrears are not payable to the share holder?
Cumulative preference shares
Non cumulative preference shares
Redeemable preference shares
Non redeemable preference shares
A company issues 10000 shares of Rs.10 each , payable Rs.5 on application ,Rs.3 allotment and Rs.2 on first and final call. If 100 shares do not pay the first and final call. Then the paid up capital will be __________.
10000
100000
99800
99700
Amount received for share application will be entered at the ________ side of the cash book.
Debit
Credit
Both a & b
None of these
which are the correct condition to be fulfilled for issuing sweat equity shares in the following cases
The shares must not belong to a class of shares already issued.
The issue of sweat equity shares must be authorised by special resolution in the general meetingof the company.
The resolution must not specify the numebr of sweat equity shares to be issued
Number of shares subscribed are more than issued shares are ________
Over subscription
Under subscription
No subscription of shares
Identify the conditions to be fulfiled for issuing sweat Equity shares.
The shares must belongs to class of shares already issued.
The issue of sweat Equity shares must not be authorised by special resolution.
The resolution must not specify the class of directors.
A ________ is an artificial person created by law, having separate entity.
Sole trader
Partnership firm
Joint stock company
If a share of Rs 10, on which Rs 8 has been called and Rs 5 has been received is forfeited. Share capital A/c in this case will be debited with
2
5
8
10
Which shares are entitled to a priority in the payment of dividends for fixed rate?
Equity share
Preference shares
Both A & B
