The following relate to the shares of a company. What is the correct order?

Issue, Application, Call and Forfeiture

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Application, Call, Forfeiture and Issue

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Call, Issue, Application and Forfeiture

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Forfeiture, Application, Issue and Call

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Solution

The correct option is A Issue, Application, Call and Forfeiture
A share issuance requires issuing a prospectus, receiving application of shares, allotment of shares and a call on shares.

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Similar questions

Q. A company issued

5, 000

shares of Rs.

10

each at

20 %

premium payable as follows: Application- Rs.

2

, allotment Rs.

5

(including premium) and first and Final Call Rs.

5

. A holder of

200

shares failed to pay the first and final call. His shares were forfeiture. Calculate the amount to be credited to share Forfeiture Account.

Q. When a company receives application for subscriptions to the shares of the company much more than the issued capital, the issue is called __________.

Following amounts were payable on issue of shares by a company: Rs. 3 on application, Rs. 3 on allotment, Rs. 2 on first call and Rs. 2 on final call. X holding 500 shares paid only application and allotment money whereas Y holding 400 shares did not pay final call. Amount of Calls in arrear will be :

XYZ Ltd. forfeited 500 equity shares of Rs. 100 each issued at a premium of 10%, fully called-up. The amount payable on shares is: on application Rs. 20, On allotment Rs.40 (including premium), On first and Final call Rs. 50. The company has called till the allotment stage. And these shareholders have only paid till application. The journal entry on forfeiture will be:

If a company received more application than the possible issue of debentures, it is called ___

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The following relate to the shares of a company. What is the correct order?

The correct option is A Issue, Application, Call and ForfeitureA share issuance requires issuing a prospectus, receiving application of shares, allotment of shares and a call on shares.

The correct option is A Issue, Application, Call and Forfeiture
A share issuance requires issuing a prospectus, receiving application of shares, allotment of shares and a call on shares.