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
- Which of the following financial statements would provide information about a company's income?
- Which among the following ratios will be affected because of salaries paid in cash as advance salary?
- Drawings made by an owner belongs to:
- Which of the following is not a recognized method of conducting Know Your Customer (KYC)?
- Which of the following is NOT a type of due diligence?
- AS 20 is related to:
- Which accounting standard (Ind AS/AS) deals primarily with revenue recognition from sale of goods?
- A company expected material cost to be ₹50 per unit for 1,000 units. Actual cost was ₹55 per unit for 950 units. What is the material cost variance?
- Premature withdrawal from EPF comes under which section?
- While auditing salary payments, which of the following documents is LEAST relevant?
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