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.
Fill in the blank/s with suitable Word/s:
The researchers plan to _________ their findings and _________ a report for publication.
Select the most appropriate option to fill in the blank.
The pleasant ______ of the rain as it fell on the dust made me feel nostalgic.
Directions: In each of the following sentences, a blank is given. Choose the most appropriate option from the provided choices to fill in the blank and...
I have given her ______.
The Cabinet will finalise the ……… policy……….mid November
Fill in the blanks with appropriate words/phrases from the options.
Trouble started __________ again in 2017 when a prefabricated marble temple...
Choose the correct preposition.
The officer was angry ______ the careless behaviour of the staff.
Directions : In the following passage, some of the words have been left out and replaced by a blank represented by a letter. First read the passage and...
1) similar
2) as
3) though
4) same
5) many
Each sentence below has two blanks. Choose the pair that best fits both.
The committee’s report was criticized for being too ________ in tone...
