Issue of Shares

5. Person who starts a company
7. When shares are issued for consideration other than cash,___________ a/c is debited.
8. ___________ preference shares are returned their capitals after a specified time.
9. Expenses incurred on the formation of a company are called ____________ expenses.
10. Shares issued by a company to its employers or directors for consideration other than cash.
13. The existence of a company is not affected by the retirement, death or insolvency of its members. This shows that a company has ___________ existence.
14. Actual number of shares offered to the public for subscription is known as ________ capital.

1. Issue of shares at a price lower than its face value is called Issue at a __________.
2. Purchase consideration of ___________ is more than its net worth.
3. Liability of a shareholder is limited to __________ of shares allotted to him/her.
4. It describes the profitability of the company to attract the investing public.
6. shareholders are _________ of the company.
9. A ________ company is one which restricts the right to transfer its shares.
11. In case of _________ preference shares,if profits are insufficient, dividend keeps on accumulating until it is fully paid.
12. Forfeiture of shares results in reduction of ___________ capital.