The share capital account is debited with …………while forfeiting shares

Related MCQs

• The share capital account is debited with …………while forfeiting shares
• When shares are forfeited the share capital account is debited by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Gross assets are 1,01,000, fictitious assets 350 are included in the gross assets. External liabilities are 7,500. 6% preference share capital is 45,000. Equity capital is 4,500 equity shares of 10 each fully paid. Average expected profit is 8,500. Transfer to reserves is 10% preference dividend is payable. NRR is 9%. The Net Asset Value Per share is ___________.
• Capital Redemption Reserve Account and Securities Premium Account can be only for issuing fully paid Bonus Shares and not for making partly paid shares into ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• The …………..has a legal right of forfeiting the shares of those who fail to pay the amount due.
• Alteration of shares of smaller amounts into shares of larger amount is called…..of share capital
• 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 ……
• Any excess amount paid to preference share holders is debited to ------ --- account
• In case of subdivision of share capital, the amount of share capital……….
• Those preference shares which do not carry the right of share in excess profits are known as ------- preference shares.