CBSEClass 12AccountancyAccounting for Share Capital
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1. Equity shareholders are :

2. Reserve capital means :

3. Securities Premium is shown under which head in the Balance Sheet ?

4. Shares may be issued :

5. Capital included in the liabilities of a company is called :

6. An issue of shares which is not a public issue but offered to a selected group of persons is called :

7. If a share of ₹ 10 on which ₹ 8 has been called and ₹ 6 is paid is forfeited, the Share Capital Account should be debited with :

8. When shares are forfeited, the Share Capital Account is debited with:

9. If the loss on reissue of shares is less than the amount forfeited, the ‘surplus’ or profit is transferred to :

10. J. Ltd. re-issue 2,000 shares which where forfeited by crediting share forfeiture account by ₹ 3,000. These shares were re-issued at ₹ 9 per share. The amount transferred to capital reserve will be :

Practice more on Accounting for Share Capital
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