Question
X Ltd. Forfeited 1,000 shares of Rs. 10 each for the
non-payment of final call of Rs. 2. The account will be debited for called up price of a share at the time of forfeiture of shares:Solution
When shares are forfeited due to non-payment of calls, the Share Capital Account is debited with the total called-up amount on those shares.
Fill the blank with the most meaningful sentence as per the context of the passage.
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Complete the sentence with the appropriate word.
After examining the facts in the case, the judge used his _________ to grant bail to the accused.
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(A) similar
(B) compared
(C) identical   Â
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The ____________recruit was ready to join the Army and signed up the day he turned eighteen.