McqMate
Sign In
Hamberger menu
McqMate
Sign in
Sign up
Home
Forum
Search
Ask a Question
Sign In
McqMate Copyright © 2025
→
Bachelor of Business Administration (BBA...
→
Corporate Accounting
→
The shares of a company only can be forf...
Q.
The shares of a company only can be forfeited after giving a ………days notice
A.
21
B.
14
C.
7
D.
30
Answer» B. 14
1k
0
Do you find this helpful?
3
View all MCQs in
Corporate Accounting
Discussion
No comments yet
Login to comment
Related MCQs
The forfeited shares can be reissued at …………
The discount on re-issue of forfeited shares is debited to ---- a/c.
The profit on reissue of forfeited shares is transferred to ………
Discount on reissue of forfeited shares should not exceed ………….
Profit on the re‐issue of forfeited shares is transferred to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ account.
Profit on re‐issue of forfeited shares will appear on the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ side of the balance sheet.
When shares originally issued at discount are forfeited, the discount in respect of them is to be ‐‐‐‐‐‐‐
When shares are forfeited the share capital account is debited by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
When 500 shares of Rs. 10 each on which Rs.3 on final call is not paid, share forfeited account is credited with ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
In the balance sheet forfeited shares amount is to be added to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐.