Kerala made history in 1957 by becoming the first state in the world to have a democratically elected communist government. This was a significant political event, as the Communist Party of India (CPI) won the legislative assembly elections, and E. M. S. Namboodiripad became the first communist Chief Minister of the state.
List-I (Name of account to be debited or credited, when shares are forfeited) | List-II (Amount to be debited or credited) |
---|---|
(A) Share Capital Account | (I) Debited with amount not received |
(B) Share Forfeited Account | (II) Credited with amount not received |
(C) Calls-in-arrears Account | (III) Credited with amount received towards share capital |
(D) Securities Premium Account | (IV) Debited with amount called up |