Pls......help me

1.THE  above acoutns are revenue in nature....see the logic is that though the money is taken as interest for share capital (which is capital in nature) the interest is paid because the payer has defaulted for the period beginning from trhe day it has been caleld and the day it has been paid...the amount of interest would in no way increase or reduce the value of share capital would it???   if we were to do the same then the interest on the loan amount borrowed would also be capitalised but it is not because although the money in regard to capital nature but it is FALLING OVERDUE FOR THE RELEVANT PERIOD and thus it is revenue in nature...

2. the company pays it from the allotment date because untill then it is not sure to whom the shares are going to be alloted....hence once the shares are alloted the company goes ahead with accruing the interest since now the particular reciever of interest is identified and to what extent has also been identified...thus once it gets the money it doesnt accrue it but once it has made allotments starts its duty to accrue the interest.

3. share expecnses nature according to me is def revenue in nature....you ll have to defer the expense over the years

4.it is added to paid up capital because the money will later be used to adjust it against the resale of shares....hence the company wants to keep it in the share capital for safety...it is kind of paid up to the company as  tomorrow when it sells its shares it will realise the differenece amt on resale throught this money...it treats it kind of a pre payment of the amount for the resold shares..

5.see you can always have hypothetical situations in front of you....what you told is also right about the sending of letters...but thats the taste of the real world,....among the books you have to make various assumptions.....soo ehre you just assume that the letters were sent and the payment was drafted immediately on the same date....or you simply assume that  all shareholders were informed abt the due amount on the same date by some other form of coomunication and the they were good enough to make the payment on the same date.

hope it comes in handy........

Ans 1  Nature- NOMINAL ACCOUNTS     as they are income and expense they represent nominal nature

           Since they are taken to P & L A/c they are revenue in nature

Ans 2 Allotment clarifies the persons to whoom the shares to be alloted. Hence interest is calculated after that date. Consider a situation where there is over subscripttion of shares and you pay it from application date

Ans 3 They are surely deffered in nature. AS they are to be set off from capital profits.        They are showed under             Miscellaneous expenditure head of Balance Sheet. They are very huge in amount and cannot be showed as revenue

Ans 4  It is merely a method of presentation given by companies act

Ans 5 I dont think it is given in class 12. which book u r refering   to?

Really thankful to rahul and tanash