Discount on reissue of forfeited shares should not exceed ………….

Related MCQs

• When shares originally issued at discount are forfeited, the discount in respect of them is to be ‐‐‐‐‐‐‐
• The profit on reissue of forfeited shares is transferred to ………
• The rate of discount on issue of shares should not exceed …. % of the nominal value of shares.
• The issue of shares at discount provided the discount does not exceed 10% as specified in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐ of the companies Act.
• The discount on re-issue of forfeited shares is debited to ---- a/c.
• The rate of discount should not exceed ……………. Of nominal vale of shares.
• The discount on the issue of shares should not exceed ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ normally.
• The profit on reissue of shares is transferred to ….
• The rate of discount on shares cannot exceed ……….
• When 500 shares of Rs. 10 each on which Rs.3 on final call is not paid, share forfeited account is credited with ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐