Chapter 7: Accounting for Share Capital
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Capital reserve is:
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Forfeiture leads to:
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Reissued shares become:
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Share capital is:
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Securities premium can be used for:
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Bonus shares increase:
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Shares can be issued at discount (general case):
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Calls in advance earns interest:
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Paid-up capital ≤ Called-up capital
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Issued capital ≤ Authorised capital
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Board of Directors represent:
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Shareholders are:
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Maximum members in private company:
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Minimum number of members in public company:
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If application exceeds shares →
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Capital reserve arises from:
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Balance of forfeited shares is transferred to:
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Discount on reissue is adjusted from:
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Reissue of shares cannot be below:
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Forfeiture happens due to:
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Forfeited shares account is:
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Calls in arrears is deducted from:
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Calls in advance is:
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Premium on issue is credited to:
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Share issued at par means:
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Calls are made after:
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Allotment money is due when:
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Transfer of application money to capital is:
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Application money received is first credited to:
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Share capital A/c is credited when:
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Pro-rata allotment occurs in:
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Oversubscription means:
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Bonus shares are issued from:
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Sweat equity shares are issued to:
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Securities premium account is shown under:
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Share issued at discount is:
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Share issued at premium means:
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Interest on calls in advance is:
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Interest on calls in arrears is usually:
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Calls in advance are shown under:
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Calls in arrears represent:
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Equity shareholders are:
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Share capital appears in:
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Application money cannot be less than:
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Minimum subscription is generally:
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Paid-up capital is:
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Subscribed capital is:
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Issued capital is:
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Authorised capital is:
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Reserve Capital means:
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