Question 2 :
The discount allowed on reissue of forfeited shares is debited to _________________.

Question 4 :
State, with reasons, whether the following statement is True of False<br>The holder of share warrant may not be given full right of membership.

Question 5 :
A limited company forfeited 300 shares of Mr. X who had applied for 500 shares on account of non-payment of allotment money Rs 3 + 2 (premium) and first call Rs 2. Only Rs 3 per share was received with application. Out of these 200 shares were re-issued to Mr. Y as fully paid shares for Rs 8 per share excluding premium. The Profit on re-issue is __________.

Question 6 :
state the following statements are True or False:An individual can become a part of the company if the individual purchases the companies debt.&#160;

Question 8 :
Share or Security Premium can be used for writing off _____________.

Question 9 :
A company can issue preference shares which are redeemable after the expiry of $20$ years from the date of its issue.

Question 10 :
State, with reasons, whether the following statements are True and False.<br>The rate of interim dividend is greater then final dividend.

Question 11 :
In the absence of partnership agreement, interest on drawings of a partners is charged :

Question 13 :
A and B enter into a joint venture to underwrite shares of K Ltd. K Ltd. make an equity issue of 100,000 equity shares. 80% of the shares underwritten by the venturer. 80,000 shares are subscribed by the public. How many shares are to be subscribed by the venture?

Question 14 :
X Ltd. forfeited 10 shares of Rs 10 each issued at a discount of 10% to Y on which a second &amp; financial call of Rs 4 was not yet called and a first call of Rs 4 was not received. 8 of these shares were reissued as Rs 8 called up for Rs&#160;7.50 per share. On reissue, the Share Capital will be ____________.<br/>

Question 17 :
The Balance in the retiring or deceased partner's capital account is transferred to the _________capital account in the profit sharing ratio.&#160;

Question 20 :
The balance in capital reduction a/c after writing off all accumulated loss, fictitious assets and overvalued assets are transferred&#160;to _______.

Question 21 :
A Ltd. issued shares of $Rs. 10$ each at a discount of $10$%. Mr. B purchased $60$ shares and paid $Rs. 2$ on application but did not pay the allotment money of $Rs. 3$. If the company forfeited his entire shares, the forfeiture account will be credited by _____________.

Question 22 :
For which of the following purposes share premium of the company can not be used in case the company issues share at premium?

Question 23 :
The interest on calls-in-advance is paid for the period from the _________.

Question 24 :
When shares are issued to promoters for their services, the account that will be debited is ______________.

Question 26 :
Z Ltd. Forfeited $20$ shares of $Rs. 10$ each, on which $Rs. 6$ per share were called up and $Rs. 4$ per share were paid. What is the minimum price of reissue of these shares are fully paid up?

Question 28 :
While making an adjusting entry in respect of interest on capital, we credit __________________.

Question 29 :
C consigned goods costing Rs 6,000 to his agent. Freight and insurance paid by consignor Rs 200. Consignee's expenses Rs 200. 4/5th of the goods were sold for Rs 3,000. Commission 2% on sales. Consignee wants to settle the balance with the help of a bank draft. The amount of draft will be _______________.