Features of a Company

Which feature of a company allows shareholders to transfer their shares freely?

Which characteristic of a company implies that the company can own property, incur debts, and sue or be sued in its own name?

What is the maximum number of members allowed in a private company?

Which feature of a company refers to the perpetual existence irrespective of changes in membership?

What is the minimum number of members required to form a public company?

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

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

How is the forfeiture of shares accounted for when shareholders fail to pay calls?

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

How are forfeited shares handled when they are reissued at a discount?

What is the correct accounting treatment when shares are issued at a premium?

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

How are shares recorded in the journal when all payments are received on issued shares?

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

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

For what purposes can a company use the amount of Securities Premium?

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

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

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

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