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.
When chlorination of dry slaked lime takes place, _________ will form as the main product.
Decibel is the unit used for –
_______ is a common name of ethanoic acid.
To prevent heart problems, blood of a normal healthy person should have
- low cholesterol level
- high HDL level
Why is commercial nitric acid typically yellow or brown in color?
Rod of which of the following metal is used in nuclear reactors to slow down the speed of the neutrons?
Which dating method is commonly used to determine the age of materials from prehistoric times?
The weakest of all fundamental forces is –
What is the colour of the outer zone of complete combustion of candle flame?
Why do metals conduct electricity?
