State whether you agree or disagree with following statement

1) In case of Pro-rata allotment the excess application money received must be refunded.
Ans:- Disagree

2) Calls in Advance account are shown on the Asset side of the Balance sheet.
Ans:- Disagree

3) The Authorised capital is also known as Nominal Capital.
Ans:- Agree

4) Paid-up capital can be more than Called up Capital.
Ans:- Disagree

5) Joint Stock company can raise huge amount of capital.
Ans:- Agree

6) When shares are forfeited Shares Capital Account is credited.
Ans:- Disagree

7) Directors can reissue forfeited shares.
Ans:- Agree

8) When the issued price of share is ₹ 12 and face value is ₹ 10, the share is said to be issued at premium.
Ans:- Agree

9) Public limited company can issue its share without issuing its prospectus.
Ans:- Disagree

10) Shares can be issued for consideration other than cash.
Ans:- Agree