Issuance of shares and debenture – Fill in the blanks

1. Ordinary shares are also called as .

2. Share discount is shown as a seprate item on the side of the balance sheet.

3. Call in arrear is when any instalment is not received.

4. The credit balance of forfeited shares must appear as a separate item on the side of balance sheet.

5. Deferred shares are also called as .

6. Naked debenture is the other name of .

7. The corporation issues to raise its capital.

8. When shares are issued to promoters in consideration of their services is debited.

9. If the issued shares are under-subscribed, the deficiency is made by .

10. When bonus shares are issued, the share capital of the corporation is .

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