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?
More Accounts Questions
- Company A takes over Company B on 1st April 2024. The Balance Sheet of Company B shows the following: • Share Capital: ₹10,00,000 (1,00,000 shares of ₹10 ...
- Which key feature differentiates a swap from a forward contract?
- Zenith Engineering Ltd. sells a single industrial component. The selling price is ₹200 per unit, and the variable operating cost is ₹120 per unit. The comp...
- Which global event gave a major catalyst/boost to the growth of Q-commerce since early 2020 by encouraging rapid home deliveries?
- A sharp increase in short-term liabilities without matching current assets indicates:
- Foreign branch operates as an integral operation. How are its monetary items translated in parent’s books at reporting date?
- Head office building is committed to sale; criteria for “held for sale” are met. Will the depreciation still be provided?
- Which of the following is not a cash equivalent?
- A company with higher current assets than current liabilities is said to have:
- Although Depreciation Expense is a non-cash item, how does it indirectly affect a tax-paying company's actual cash balance?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)