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What is meant by 'Issue of shares for co...

What is meant by 'Issue of shares for consideration other than cash' ? Give an example.

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Sometimes company issues fully paid shares to the vendor from whom it buys assets. Such type of issue of shares to the vendor is called 'Issue of shares for consideration other than cash'.
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DK GOEL-COMPANY ACCOUNTS - ISSUE OF SHARES -VERY SHORT ANSWER QUESTIONS (Knowledge based)
  1. How Share Issue Expenses are shown in the Balance Sheet ?

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  2. How 'securities premium reserve' appears in the Balance Sheet ?

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  3. State two purposes for which securities premium reserve can be used by...

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  4. What is Over-subscription ?

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  5. What is pro-rata allotment of shares ?

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  6. What is meant by 'Minimum Subscription' ?

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  7. What are calls in Arrears ?

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  8. How are Calls-in-arrears shown in the Balance Sheet ?

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  9. What is meant by Calls-in-Advance ?

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  10. How are Calls in Advance shown in the Balance Sheet ?

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  11. At what rate interest on Calls-in-Arrears can be charged by a Company ...

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  12. At what rate interest on Calls-in-Advance may be paid by a Company acc...

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  13. What is meant by issue of shares for consideration other than cash ?

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  14. What is meant by forfeiture of shares ?

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  15. What is meant by surrender of shares ?

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  16. What is maximum amount of discount which may be allowed on reissue of ...

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  17. Where would you transfer the balance left in the share forfeited accou...

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  18. What is meant by 'Issue of shares for consideration other than cash' ?...

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  19. What is the name given to that 'part of capital' of a company which is...

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  20. Give the meaning of 'Subscribed and Fully Paid-up-Capital'.

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