#application money

Company Accounts 1

A company issued 10,000 shares of ₹ 10 each at par; ₹ 3 on application; ₹ 3 on allotment; ₹ 4 on first and final call. O

₹ 37,000 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.

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Company Accounts 1

Following amounts were payable on issue of shares by a company: ₹ 3 on application, ₹ 3 on allotment, ₹ 2 on first call

₹2,800 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.

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Company Accounts 1

Penalty for delay in refunding application money is charged at

15% 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.

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Company Accounts 1

A company issued 10,000 shares of ₹10 each. Amount is payable as ₹ 2 on application, ₹ 5 on allotment and ₹ 3 on first a

₹ 92,000 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.

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Company Accounts 1

The following amounts were payable on the issue of shares by a company: Rs. 3 on the application, Rs. 3 on the allotment

2,800 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.

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