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.
Select the option that when sequentially placed in the blanks of the given series will complete the series.
C-3, E - 5, G - 7, J - 9, ____, ___...
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35 29 ?
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x - y means x is a brother of y
x × y means x is a daughter of y
x + y means x is...
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Choose one word pair from the following word pairs having the same relation as the first given pair-
Everest : Peak :: ______________ : ____________
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