Question 1 :
State, with reasons, whether the following statements are True or False.<br/>A share certificate is a bearer document.

Question 2 :
Share or Security Premium can be used for writing off _____________.

Question 3 :
_____ refers to that part of the issued capital which has actually been subscribed by the public.

Question 4 :
In the absence of partnership agreement, interest on drawings of a partners is charged :

Question 7 :
X Co. forfeits $1000$ shares. If $Rs. 10$ each called up and only $Rs. 5$ paid on application. The amount to be forfeited is ___________.

Question 8 :
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 10 :
The maximum amount beyond which a company is not allowed to raise funds, by issue of shares, is its _______________.

Question 11 :
A Company forfeited $20$ shares of $Rs. 10$ each, $Rs. 7$ called up, on which application money of $Rs. 5$ per share was paid. The entry for forfeiture is ___________.

Question 12 :
Any balance in the share forfeiture account after all the forfeited share are re-issued should be:

Question 13 :
Which of the following security can be forfeited for non-payment of call?

Question 14 :
When a company receives application for subscriptions to the shares of the company much more than the issued capital the issue is called __________.

Question 15 :
A Ltd. Acquired assets worth Rs. $11,25,000$ from B. Ltd. by issue of equality shares of Rs. $100$ at premium of $25\%$. The number of shares to be issued by A Ltd, for the purchase consideration.

Question 16 :
If the forfeited shares are issued at a premium, the amount of the premium shall be credited to ___________.

Question 17 :
Deepthi, a shareholder holding $800$ shares of Rs.$10$ each, did not pay the allotment money of Rs. $4$ per share (including a premium of Rs. $2$) and the first and final call of Rs. $3$. Her shares were forfeited after the first and final call. Give journal entry for forfeiture of the shares. <br>

Question 19 :
A company issued $25,000$ shares of $Rs. 10$ each. The amount was demanded as under:<br>On application - $Rs. 2$ On allotment - $Rs. 4$<br>On $1st$ Call - $Rs. 2$ On $2nd$ Call - $Rs. 2$<br>A shareholder, who was allotted $500$ shares did not pay $1st$ Call and $2nd$ Call money. His shares have been forfeited. What amount will be credited to share forfeited account?

Question 20 :
If forfeited shares&#160;are re-issued at a premium, the amount of such premium should be credited to_____.

Question 21 :
If shares are issued at premium, i.e. at an amount more than the nominal or par value of shares, the amount of premium is credited to a separate account called ________.

Question 22 :
The journal entry for the issue of shares at a premium to be recorded at the time of allotment is:

Question 24 :
Which of the following securities can be forfeited for non-payment of allotment or call money?<br/>(I) Equity Shares<br/>(II) Equity Shares, Preference Shares<br/>(III) Preference Shares, Equity Shares &amp; Debentures<br/>(IV) Debentures<br/>Select the correct answer from the options given below -

Question 25 :
On forfeiture of shares, which of the following account is credited with the amount of money already received on such shares?