The profit on reissue of forfeited shares is transferred to

Related MCQs

• The balance of the forfeited shares account after reissue of forfeited shares account is transferred to:
• The profit on reissue of forfeited shares is transferred to ………
• The balance of the forfeited shares account after re-issue of forfeited shares is transferred to :
• Discount allowed on reissue of forfeited shares is debited to:
• Madhu Ltd. forfeited 800 shares of `10 each issued at 10% premium to Shyam (` 9 called up) on which he did not pay ` 3 of allotment (including premium) and first call of `2. Out of these, 600 shares were re-issued to Ram as fully paid up for `9 per share. What is to amount to be transferred to capital Reserve?
• Preference shares, in case the holders of these have a right to convert their preference shares into equity shares at their option according to the terms of issue, such shares are called :
• A B C are three partners sharing profit and loss in the ration of 2:2:1, B recently obtained MBA degree from Oxford University, accordingly the partner decided to give him a guaranteed profit of ` 60,000. Find the share of profit of B if the firm made a net profit of ` 1,25,000 during 2012-13
• When shares are forfeited the share capital account is debited by
• When forfeited shares (which were originally issued at a discount ) are reused at a premium, the amount of such premium will be credited to
• The shares of a company only can be forfeited after giving a ………days notice