What does 'Calls in Arrears' mean?

Important Questions on Accounting for Share Capital

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

What journal entries are required when shares are issued for the purchase of assets at par and at a premium?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

What are the uses of securities premium?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

What are preference shares? What are the different types of preference shares?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

How should a company record the issue of shares when applications exceed the available shares?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

What are the main categories in which the share capital of a company is divided?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

What is a company? What are its characteristics?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

What is the process for recording share issuance transactions when payments are received in installments?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

What are the provisions related to ‘Calls in Arrears’ and ‘Calls in Advance’?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

What is a listed company?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

How are shares allotted in the case of over-subscription?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

Under what conditions can a company issue shares at a discount?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

What is meant by ‘Over subscription’ and ‘Under subscription’? How are these dealt with in accounting records?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

What is a private company?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

How is the capital reserve calculated when forfeited shares are reissued?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

What is meant by the term ‘share’? What types of shares can be issued under the Companies Act, 2013?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

What is a public company?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

What does 'Calls in Advance' mean?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

Under what circumstances can shares be forfeited?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

What is 'Minimum Subscription'?

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Accountancy>Company Accounts and Analysis of Financial Statements>Accounting for Share Capital>Calls-in-Arrears and Calls-in-Advance

What is the forfeiture of shares? What is the accounting treatment for the forfeiture of shares?