Shubham, a share holder, failed to pay the money for second and final call of Rs. 20 on 1,000 shares issued to him at Rs. 120 (face value of Rs. 100 per share). His shares were forfeited after the second and final call. What will be the journal entry for forefeiture of shares in this case?

Date	Particulars	L.F.	Dr. Amount	Cr. Amount
	Share second and Final Call A/c Dr.		20,000
	Share Forfeiture A/c Dr.		1,00,000
	To Share Capital A/c			1,20,000

Date	Particulars	L.F.	Dr. Amount	Cr. Amount
	Share Capital A/c Dr.		1,20,000
	To Share second and Final Call A/c			20,000
	To Share Forfeiture A/c			1,00,000

Date	Particulars	L.F.	Dr. Amount	Cr. Amount
	Share Capital A/c Dr.		1,00,000
	To Share second and Final Call A/c			20,000
	To Share Forfeiture A/c			80,000

Date	Particulars	L.F.	Dr. Amount	Cr. Amount
	Share second and Final Call A/c Dr.		20,000
	Share Forfeiture A/c Dr.		80,000
	To Share Capital A/c			1,00,000

Balance of share forfeiture account is shown in the balance sheet under the sub-head-

Match List-I with List-II

Choose the correct answer from the options given below:

While issuing the share capital for public subscription where there is no articles of association of its own, the following provisions of Table A will apply:

(A) A period of one month must elapse between two calls.

(B) The amount of call should not exceed 25% of the face value of the share.

(C) A minimum of 7 days' notice is given to the shareholders to pay the amount.

(D) Calls must be made on a uniform basis on all shares within the same class.

Choose the correct answer from the options given below:

The portion of capital which the company does not issue to the public is known as :

A company issuing sweat equity shares has to fulfill the following prescribed conditions :

(A) These shares are of the same class of shares already issued.

(B) It is authorized by a special resolution passed by a company.

(C) These shares must not be listed on any recognized stock exchange.

(D) Not less than one year has, at the date of issue, elapsed since the date on which the company had commenced business.

Choose the correct answer from the options given below:

Choose the odd items from the below :-