#share allotment

Company Accounts 1

Pro-rata allotment is made in case of under subscription.

False company accounts correct; share issue forfeiture pro-rata per Companies Act.

Ref: NCERT Accountancy Class XII Chapter 6 Company Accounts explains company formation share capital issue accounting treatment Companies Act 2013 provisions.

View Details

Company Accounts 1

If applicants for 80,000 shares were allotted 60,000 shares on pro rata basis, the shareholder who was allotted 1,200 sh

1,600 shares company accounts correct; share issue forfeiture pro-rata per Companies Act.

Ref: NCERT Accountancy Class XII Chapter 6 Company Accounts explains company formation share capital issue accounting treatment Companies Act 2013 provisions.

View Details

Company Accounts 1

A company allotted 20,000 shares to applicants of 50,000 shares after rejecting 10,000 applications. The ratio in which

2:1 company accounts correct; share issue forfeiture pro-rata per Companies Act.

Ref: NCERT Accountancy Class XII Chapter 6 Company Accounts explains company formation share capital issue accounting treatment Companies Act 2013 provisions.

View Details

Company Accounts 1

A company issued 25,000 shares and received applications for 50,000 shares. Company wants to allot shares to everyone wh

1:2 company accounts correct; share issue forfeiture pro-rata per Companies Act.

Ref: NCERT Accountancy Class XII Chapter 6 Company Accounts explains company formation share capital issue accounting treatment Companies Act 2013 provisions.

View Details

Company Accounts 1

X Limited issued 50,000 equity shares of ₹10 each on a premium of ₹5 per share. The amount was payable as follows: On ap

₹3,00,000 company accounts correct; share issue forfeiture pro-rata per Companies Act.

Ref: NCERT Accountancy Class XII Chapter 6 Company Accounts explains company formation share capital issue accounting treatment Companies Act 2013 provisions.

View Details