A holds 300 shares of Rs.10 each on which he has paid Re.1 per share on application. B holds 300 shares of Rs.10 each on which he has paid Re.1 on application and Rs.2 on allotment. C holds 300 shares of Rs.10 each, who has paid Re.1 on applications, Rs.2 on allotment and Rs.3 on first call. They all failed to pay their arrears and the second call of Rs.4 per share as well. All the shares of A, B and C were forfeited and subsequently reissued at Rs.11 per share as fully paid-up. The journal entries for the reissue of shares and transfer to capital reserve would be:

The company issued 20,000 equity shares of Rs. 10 each to vendor. After issuing them the shares the vendor will be considered as:

Amount forfeited on shares is shown under which head of the balance sheet?

If the premium amount has not been received, in respect of the shares forfeited, the Securities Premium Reserve Account

State the correct order of categories of Share Capital as shown in 'Notes to Accounts' of Balance Sheet of a company.

(A) Subscribed and Fully paid up Capital

(B) Issued Capital

(C) Subscribed but not fully paid up Capital

(D) Authorised Capital

(E) Share forfeited Account

Choose the correct answer from the options given below :

Which of the following is not a feature of the company ?

Which of the following given statements are true ?

(A) Share Capital is not shown under Equity & Liabilities in the Balance Sheet.

(B) Forfeited shares cannot be re-issued at a discount.

(C) Securities Premium Reserve can be used for issuing bonus shares.

(D) Capital reserve account has a credit balance.

Choose the correct answer from the options given below: