____________is available only for the creditors on winding up of the company

When journal entry for forfeiture of shares is recorded in the Company's Accounts Books, the Share Capital Account -

Which of the following are related to forfeiture of shares issued on premium :

(A) Share capital is debited with called up amount

(B) Calls in Advance is credited

(C) Share Forfeiture Account is credited with amount received

(D) Premium received on such Shares is debited, if it is received

Choose the correct answer from the options given below:

Which section of the Company's Act defines/describes Equity and Preference Shares?

Arrange the journal entries with regard to first call of shares in the correct sequence:

(A) For Adjustment of Excess Application Money

(B) For Amount Due on Allotment

(C) For Allotment money received.

(D) For Amount Due on call.

Choose the correct answer from the options given below:

Company can issue its shares to public:

A. For cash

B. Either at par or at a premium

C. For consideration other than cash

D. At discount

Choose the correct answer from the options given below:

6,000 shares of Rs. 30 on which Rs. 21 have been called up and Rs. 15 has been paid are forfeited. Out of these, 4,500 shares are reissued for Rs. 27 as fully paid. What is the amount to be debited to share forfeiture account at the time of reissue of shares?