Company Accounts

Share Capital

Easy

common

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

Unsecured Loans

Share Capital

Current Liabilities and Provisions

Reserve & Surplus

✅ Correct Option: 2

The credit balance of the Share Forfeiture Account (pending reissue) is added to subscribed capital in the Notes to Accounts and disclosed under the head Share Capital in the Balance Sheet.

2022: 15 July Shift 2

The amount transferred to Capital Reserve would be

2025: 3 June Shift 1

R Ltd purchased a building from X Infra for Rs 6,00,000 and the payment is to be made by the issue of shares for Rs 100 each at a premium of 20%. Calculate the number of shares to be issued.

2025: 29 May Shift 2

The number of shares to be issued to a vendor for consideration other than cash is calculated as follows:

2025: 16 May Shift 1

While issuing the share capital for public subscription, the application money should be at least _____ % of the face value of the share.

2025: 24 May Shift 1

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

2022: 23 Aug Shift 2

The amount to be adjusted with the call of allotment will be :

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

Solution

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