Question No 1: (10 Marks) A) Mr. Nasir is interested to invest his savings in shares. Some financial advisors suggest him to invest in "Preference Shares'. You are also a financial advisor and giving more priority to invest in 'Equity Shares of a company than to invest in Preference Shares'. With the support of comparative analysis, justify that your opinion is the best one. B) 1) Find out the Paid-up-capital to be shown in the Balance Sheet from the following information concerned with a corporation: Particulars OMR Authorized capital 300,000 250,000 Subscribed capital Called - up - capital Calls in arrears 195,000 6,000 2) Oman Ceramic Corporation issued 30,000 shares with a face value of OMR 10 per share, what would be the total worth of issued shares? If you bought 1,000 shares of the corporation, find out the value of your investment in shares. Question No 2: (10 Marks) AL Muna Limited was engaged in exporting of medical instrument from Sultanate of Oman to rest of the countries in the world. It was in short of finance and unable to get loan from the banks due to pandemic COVID 19 situation. To arrange the finance, AL Muna Limited decided to issue 10,000 shares of OMR 80 each, payable OMR 20 on share application, OMR 30 on share allotment, OMR 10 on share first call and the balance amount on share second and final call. Applications were received for 11,000 shares. The directors decided to reject application of 1,000 shares and their application money being refunded in full. The allotment money was duly received on all the shares. All the sums due on share calls were received except on 90 shares. Show the journal entries in the books of AL Muna Limited