READ THE FOLLOWING TEXT AND ANSWER THE QUESTIONS: Based on the information given , you are required to answerRaghuram Limited company has an Authorized capital of 1, 00,000 shares of ₹10 each as per the Capital clause of the Memorandum of Association of the company.The company issued 5,000 shares to the promoters of the company in consideration for their services.The company further issued 10,000 shares to the vendors for the purchase of Machinery costing ₹1, 20,000. The remaining shares are issued at ₹10 each at a premium of ₹2 and shares are fully subscribed.A shareholder holding 500 shares failed to pay the first and final call. His shares were forfeited and later on re issued at ₹8 per share fully paid up.1. Which one of the following is the registered capital of the company? a. Paid up capital b. Uncalled capital c. Authorized capital d. Issued capital 2. The company issued ₹1,00,000 worth of shares towards the purchase price of machinery costing ₹90,000. The excess of ₹20000 is transferred to a. Share capital a/c b. Capital reserve a/c c. Securities premium reserve a/c d. Cash a/c 3. What entry you will pass if asset is purchased and shares are issued at premium. a. Vendor a/c Dr To share capital b. Assets a/c Dr To share capital To share premium c. Vendor a/c Dr share premium a/c Dr To Share capital d. Vendor a/c Dr To share capital To share premium4. If Shares are issued to promoters for their services then the account debited will be a. Goodwill a/c b. Promoters a/c c. Asset a/c d. Expenses a/c