The excess price received on the par value of shares should be credited to ………….

Related MCQs

• On forfeiture of shares, which of the following account is credited with the amount of money already received on such shares?
• Those preference shares which do not carry the right of share in excess profits are known as ------- preference shares.
• On an equity share of Rs. 20, the company has called up Rs. 16 but Rs.14 has been received by the company, the share capital account should be credited by ……
• The rate of discount on issue of shares should not exceed …. % of the nominal value of shares.
• Excess of paid up value of the shares over cost of investment is considered as:
• When the directors refund the fees already received by them,……. a/c is credited.
• Once the share premium account is credited the same, if the premium is not received.
• Pre-acquisition dividend received by Holding company is credited to
• The amount of surrendered shares is credited to …
• When company converts its equity shares into capital stock, the account to be credited is …