Following is the extract of journal in BXC Ltd for Forfeiture of shares:

Date	Particulars	Debit(Rs.)	Credit(Rs.)
i	Share Capital A/c Dr.	20,000
	To Shares Forfeiture A/c		14,000
	To Share Second & Final Call A/c		6,000
	(Being shares forfeited for non-payment of final call at Rs.30 per share)
ii	Bank A/c Dr.	9,000
	Shares Forfeiture A/c Dr.	6,000
	To Share Capital A/c		15,000
	(Being Reissue of shares of Rs.100 each, issued as fully paid for Rs.60 each)

Which of the followings statements are true ?

(A) The number of reissued shares is 150.

(B) The number of reissued shares is 200.

(C) The number of forfeited shares is 200.

(D) The amount of share forefeited A/c transferred to capital reserve A/c will be Rs 4500.

Choose the correct answer from the options given below:

A private company is one which.

(A) restricts the right to transfer share..

(B) limits the number of members to 200.

(C) must have at least 2 persons.

(D) inculde a company which is subsidiary of public company.

Choose the correct answer from the options given below:

Money received in advance from shareholders before it is actually called-up by the directors is :

In case of over subscription, the directors may

(A). Accept some applications in full and reject excessive applications.

(B). They can make pro-rata allotment to all.

(C). They can adopt a combination of the above two alternatives.

(D). They can make preferential allotment to some applicants.

Which of the following is not classified as a category of share capital of the company?

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

At the time of purchase of a business, if net assets are in excess of purchase consideration, the excess money will be ...... ?