Accountancy Assertion and Reason.

Assertion (A): Issued Share Capital & Subscribed Share Capital are always different.
Reason (R): Subscribed Share Capital is a part of Issued Share Capital. Thus, it will always be different from Issued Share Capital.
Codes:

Assertion (A): Forfeited shares may be reissued by the company at a discount also.
Reason (R): Amount of discount on reissue of forfeited shares cannot exceed the amount forfeited on reissued shares.
Codes:

Assertion (A): Calls in arrears are deducted from Subscribed but not fully paid Capital.
Reason (R): Calls in advance are added to Subscribed but not fully paid Capital.
Codes:

Assertion (A): X Ltd. issued 50,000 Equity shares of ₹100 each. It received the full amount on shares except first & final of ₹25 on 200 shares. These 200 shares will be shown as ‘Subscribed but not fully paid Capital’.
Reason (R): The shares on which calls are in arrears are not fully paid. Hence, they will be shown as Subscribed but not fully paid Capital’
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Assertion (A): In case of shares issued on Pro-rata basis, excess money received at the time of application can be utilized till allotment only.
Reason (R): Company has to pay interest on calls in advance for amount adjusted towards call (if any).
Codes:

Assertion [A] :
A company may forfeit the shares for non-payment of calls amount depend upon the Articles of Association of the company.
Reason (R):
Shares can be forfeited only if it is allowed by the Articles of Association of the company
Choose the Correct Option from the following:

Assertion [A] :
When a running business of other company is purchased, and payment is settled by issue of shares, in such a case, if purchase consideration is less man the net assets, then difference is credited to the Capital Reserve.
Reason (R) :
Capital Reserve is a capital loss for the company.
Choose the Correct Option from the following:

Assertion [A] :
When a company purchase a running business of other company, and payment is settled by issue of shares, in such a case, if purchase consideration is more than the net assets, then difference is debited to the. Goodwill Account.
Reason (R):
Goodwill is recorded in the books when some money or money's worth is paid for it.
Choose the Correct Option from the following: 

Assertion [A] :
Incorporation Expenses Account or Preliminary Expenses Account is to be opened when shares are issued to the promote?
Reason (R) :
A company may issue shares to its promoters for their services rendered to the company.
Choose the Correct Option from the following:

Assertion (A):
If a company receives subscription less than 90% of the shares offered for subscription, in such a case, company cannot issue shares and amount received on application will be refunded to the applicants.
Reason (R) :
As per the Companies Act, 2013, to issue shares to the public, a company must receive 90% or above subscription of the shares offered for subscription.
Choose the Correct Option from the following:

Assertion [A] :
Amount received on shares as 'Secterities Premium’ can be utilized to write off the 'Share Issue Expenses'.
Reason (R):
Amount of Securities Premium can be utilized only for the purposes which are specified in the Section 52 (2) of the Companies Act, 2013.
Choose the Correct Option from the following:

Assertion [A] :
A portion of uncalled capital of a company to be called only in the event of winding up of the company, is known as Reserve Capital.
Reason (R) :
Company will call the uncalled capital on the due date except the Reserve Capital because It will not be called during the life time of the business. It will be called only the case of winding up.
Choose the Correct Option from the following: