Question 1 :
The balance in capital reduction a/c after writing off all accumulated loss, fictitious assets and overvalued assets are transferred to _______.

Question 3 :
The discount allowed on reissue of forfeited shares is debited to _________________.

Question 4 :
_____ refers to that part of the issued capital which has actually been subscribed by the public.

Question 5 :
X Ltd. forfeited 10 shares of Rs 10 each issued at a discount of 10% to Y on which a second & final 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 7.50 per share. On forfeiture the Share Capital will be ___________.

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. 

Question 8 :
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 9 :
Which of the following should be deducted from the share capital to find out paid up capital of a company?

Question 10 :
Z & Co. forfeited $100$ shares of Rs. $10$ each for non-payment of final call of Rs. $2$ per shares. All shares were reissued at Rs. $9$ per share. What amount will be transferred to Capital reserve A/c?

Question 11 :
MIG Ltd. forfeited 80 shares of Rs 10 each, issued at a discount of 10% for non-payment of first call of Rs 2 per share. The second and final call of Rs 3 per share has not yet been called. Out of these, 20 shares were re-issued as Rs 7 paid-up for Rs 5 per share. The Profit on re-issue is _________.

Question 12 :
C Ltd. forfeited 50 shares of Rs 100 each issued at 10% premium on which allotment money of Rs 30 per share (including premium) and first call of Rs 30 per share were not received, the second & final call of Rs 20 per share was not yet called. If 20 of these shares were re-issued as Rs 80 paid-up for Rs 70 per share, the Profit on re-issue is __________.

Question 13 :
If separate set of books is maintained and suppliers grant discount at the time of making the payment for purchase of goods, such discount received will be treated as ___________________.

Question 14 :
J Ltd. forfeited 50 shares of Rs 100 each issued at 10% premium (to be paid at the time of allotment) on which first call of Rs 30 per share was not received, the second & final call of Rs 20 per share was not yet called. If 20 of these shares were re-issued at Rs 50 per share as fully paid-up, the Profit on re-issue is-

Question 16 :
The balance of share forfeited account after the reissue of forfeited shares is transferred to ________________.

Question 18 :
The balance appearing in books of a company at the end of year were: CRR A/c Rs. $50,000$, Security Premium. Rs. $5,000$. Revaluation Reserve Rs. $20,000$, P & L A/c(Dr.) Rs. $10,000$. Maximum amount available distribution of Bonus shares will be ________.

Question 19 :
______ is an acknowledgement of debt under common seal of a company.

Question 20 :
The forfeited shares may be re-issued____.<br/>(I) at par only<br/>(II) at par or at premium only<br/>(III) at par or at discount only<br/>(IV) at par or at premium or at discount<br/>The correct answer is -

Question 21 :
The part of the capital which will be called up only in the event of winding up of the company is called _____ capital.

Question 25 :
A Ltd. forfeited 50 shares of Rs 100 each issued at 10% premium on which allotment money of Rs 30 per share (including premium) and first call of Rs 30 per share were not received, the second &amp; final call of Rs 20 per share was not yet called. If 20 of these shares were re-issued as Rs 80 paid-up for Rs 90 per share, the Profit on re-issue is ____________.

Question 26 :
Dee Ltd. forfeited 160 shares of Rs 10 each on which the holder has paid only the application money of Rs 2 per share. Out of these, 40 shares we re-issued to 'E' as fully paid for Rs 9 per share. The Profit on re-issue is _______.

Question 27 :
If some shares are issued to a vendor who supplied a fixed asset, these shares are ____________________.

Question 28 :
Asha Ltd, issued shares of Rs. $100$ each at a premium of $25\%$ mamta who has Rs. $2,000$ shares of Asha ltd. Failed Rs. $5$. Premium was taken at the company. On forfeiture of Mamta's shares, the amount to be debited to share Premium account will be.