Balance of share forfeiture account is shown in the balance sheet under the item:

Match List-I with List-II

Choose the correct answer from the options given below:

Amount forfeited on shares is shown under which head of the balance sheet?

Part of the subscribed capital which has been called up on the shares, i.e., what the company has asked the shareholders to pay is known as ……….

Securities Premium can be used only for the following purposes:

A. To issue fully paid bonus shares to the extent not exceeding unissued share capital of the company;

B. To issue partly paid bonus shares to the extent not exceeding unissued share capital of the company;

C. To write-off the expenses of, or commission paid, or discount allowed on any securities of the company; and

D. Purchase of its own shares (i.e., buy back of shares)

Choose the correct answer from the options given below:

State which of the following combination of statements are true about the Company-

(A) A company is an artificial person.

(B) Capital reserves are created from capital profits.

(C) Shareholders of a company are liable for the acts of the company.

(D) A company's shares are generally transferable.

Choose the correct answer from the options given below:

Which of the following is that portion of the called up capital, which has been actually received from the shareholders?