Question
A company issues 1,00,000 equity shares of ₹10 each at
a premium of ₹5, payable as ₹5 on application, ₹5 on allotment (including premium), and ₹5 on first and final call. A shareholder holding 1,000 shares fails to pay the call money. What is the treatment in the company’s books?Solution
Upon forfeiture, any amount received including premium is retained. The premium on shares is never refunded. The unpaid call money is treated as loss of capital and adjusted in the forfeiture account.
If A – B means that A is the brother of B, A + B means that A is the sister of B, A × B means that A is the father of B then which of the following ...
In expression ‘N & O $ P $ Q % R % S & T’ how is O related to S?
If "L $ M @ N & C % O # P & Q © R", then how is L related to P?
If A ÷ B means that A is the brother of B, A × B means that A is the sister of B, A – B means that A is the father of B then which of the following ...
If M is the brother in law of father in law of Q, then which of the following expression is true?
If 'A + B' means that A is the brother of B, 'A X B' means that A is the daughter of B, 'A ÷ B' means that A is the father of B, then which of the foll...
If 'A@B' means 'A is father of B', 'A#B' means 'A is wife of B', 'A$B' means 'A is sister of B', 'A%B' means 'A is brother of B'. If 'R @ S $ T # V @ U ...
If P is the father of I, then which of the following symbol will correct it in the given blank?
Q % P __ O # IStatements : R < Q ≤ T > S = V, D < F ≤ Q
Conclusions : I. T > D II. F < R
In a certain code language,
'A + B' means 'A is the mother of B',
'A - B' means 'A is the father of B',
'A $ B' means 'A is ...
