Securities premium Reserve can be utilised ___

A. to return excess money received on application

B. to write off preliminary expenses

C. to issue partly paid bonus shares

D. for premium paid on Redemption of Debentures or preference shares

E. for buy back of shares

Choose the correct answer from the options given below:

In the Journal Entry of forfeiture of shares issued at a premium, the Share Capital Account is :-

Balance of share forfeiture account is shown in the balance sheet under the sub-head-

Purna Ltd. forfeited 16,000 equity shares of Rs. 200 each issued at a premium of 10% for non-payment of first and final call of Rs. 60 per share. The minimum amount at which all forfeited shares can be reissued will be :-

Raghu Ltd. invited applications for 2,50,000 equity shares of Rs. 25 each payable as under: On Application Rs. 5.00 per share, on Allotment Rs. 7.50 per share, on First Call Rs. 7.50 per share; and on Second and Final Call Rs. 5.00 per share. Applications were received for 5,00,000 shares. The directors decided to make a pro-rata allotment to all the applicants and adjust the excess application money towards the amount due on allotment and to refund the amount remaining thereafter. What amount will be adjusted towards sum due on allotment ?

Jain and Co. purchased a machine from Young Life Machine Limited for Rs.3,80,000. As per the purchase agreement, Rs. 20,000 were paid in cash and balance by issue of shares of Rs.100 each. How many shares are issued if the shares are issued at 20% premium.

What is the other name of registered capital?