Which of the following statements correctly describe equity shares?

A. Dividend rate is fixed

B. Carry voting rights

C. Paid dividend after preference dividend

D. Preferential right of capital payment

Choose the correct answer from the options given below:

Choose journal entries in the books of High Light India Ltd on receiving Application money :

In case of issue of shares, the 'minimum subscription' of capital cannot be less than .......... of the issued amount according to SEBI (Disclosure and Investor Protection) Guidelines, 2000.

Match List - I with List - II.

Choose the correct answer from the options given below :

Identify the ratio in which shares are issued on Pro-rata basis.

Arrange the following capitals in correct sequence as they appears in notes to account-

(A) Subscribed and Not Fully paid-up

(B) Subscribed and Fully paid-up

(C) Issued Capital

(D) Nominal Capital

Choose the correct answer from the options given below:

Cronic Limited issued 10,000 equity shares of Rs. 10 each payable as Rs. 2.50 on application, Rs. 3 on allotment, Rs. 2 on first call, and the balance of Rs. 2.50 on second and final call. All the shares were fully subscribed and paid except by a shareholder having 100 shares who could not pay for second and final call. Call in Arrears A/c will be debited with-