Under which Sub head we show the Security Premium in Balance Sheet ?

Which of the following indicate the correct meaning of Reserve Capital?

Zomato Ltd. decided to offer 10% of its issued capital to its employees at a price lower than its market value. The scheme adopted by Zomato Ltd. is

Calls in Arrears represent :

(A) The debit balance of allotment or all the calls account.

(B) The credit balance of allotment or all the calls account.

(C) Shareholders failed to pay amount due on allotment or on any of the calls, on due date.

(D) Such amount shall appear as Current Asset.

Choose the correct answer from the options given below:

The company has to get minimum subscription within how many days from the date of the issue of the prospectus?

Find the correct sequence of procedure of issue of shares :

(A) Receipt of Applications

(B) Issue of prospectus

(C) Allotment of Shares

(D) Making call money due

(E) Receiving Call money

Choose the correct answer from the options given below :

The directors of Roly Paper Limited decided that 400 equity shares of Rs.100 each be forfeited for non-payment of the second and final call of Rs.30 per share. Out of these, 150 shares were re-issued at Rs.50 per share to Mohita. Necessary journal entry for Profit on reissue forfeited shares transferred to capital reserve will be?