[Solved] The minimum share application is

McqMate

Q.	The minimum share application is
A.	1% of the face value
B.	5% of the face value
C.	10% of the face value
D.	25% of the face value
Answer» B. 5% of the face value

2.6k

0

Do you find this helpful?

1

View all MCQs in

Financial Accounting

Discussion

No comments yet

Related MCQs

The minimum share application is
The minimum share application money is
M LTD. Issued share at a face value of Rs. 100 with a premium of Rs.20 per share. The underwrting commission will be calculated on __________
M LTD. Issued share at a face value of Rs. 100 with a premium of Rs.20 per share. The underwrting commission will be calculated on __________
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 ……
Which of the following should be deducted from the share capital to determine the paid up share capital.
If a share of Rs.10, on which Rs. 6 has been paid, is forfeited, it can be reissued at the minimum price of:
Share application is classified as
Share application account is a ………..
Share Application Account is in the nature of: