No journal entry is required for the cancellation of ………. Share capital

Related MCQs

• In case of subdivision of share capital, the amount of share capital……….
• 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 ___________.
• 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 ……
• ………..should be deducted from the share capital to determine the paid up capital.
• The maximum extent to which a company can raise share‐capital is called ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ capital.
• Voluntary return of shares by shareholders to the company for cancellation is called
• When own debentures are cancelled any profit on cancellation is transferred to …
• Compulsory cancellation of shares by the company\y due to non‐payment of allotment or call money is called …………….
• When own debentures are cancelled, any profit on cancellation is transferred to ……..
• When own debentures are cancelled, any profit on cancellation is transferred to