ok wat the Aprropriation accout does is , it distributes / allocates profits betweeen different activities / requirements.
i.e pay dividents , transfer to reserve etc
go thru the format in the book & u r done !
in short:
- Preferance shares hav low risk , Has more priority over the ordinary (i.e preferance is pad before ordinary), has a fixed % of return(return may be usually lower than ordinary)
-Called up share capital- word itself gives meaning ! , shares which hav been callled up for paymnet
-paid up share capital - here the word paid gives the meaning, wat has been actually paid 4 shares called up.
authorized share capital- max shares company can issue( issued shares cannot exceed this)
Debentures - its a long term loan , with fixed intereest (very low risk )