Arrange the following in a sequence related to the issue and redemption of shares

(A) Forfeiture of shares

(B) Reissue of shares

(C) Calls in arrears

(D) Transfer of share forfeited account balance to capital reserve A/c

Choose the correct answer from the options given below:

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

On Forfeiture of 500 shares for non-payment of call money, what amount will be credited to Shares Forfeiture Account?

Find out incorrect statements about Authorised Capital of a company.

(A) It is the amount of share capital which a company is authorised to issue by its Memorandum of Association.

(B) It is the amount of share capital which a company is authorised to issue by its Articles of Association.

(C) It is also called Nominal capital.

(D) It can be increased or decreased as per the procedure decided by the shareholders of a company.

Choose the correct answer from the options given below:

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.

PQR Ltd. issued 40,000 Equity shares of Rs. 10 each at par payable Rs. 3 on application, Rs. 4 on allotment and balance on first and final call. Applications were received for 1,10,000 shares. Applications for 20,000 shares were refused and allotment was made prorata to remaining applicants. Amount received on allotment is :

The amount on any call should not exceed ___ of the face value of shares.