If the shares are issued at a premium during the year then the amount of premium received will appear as a _______

Related MCQs

• Which of the following are sources of funds? 1.Issue of Bonus Shares 2.Issue of Shares against the purchase of Fixed Assets 3. Conversion of Debentures into Shares 4.Conversion of Loans into Shares
• Which of the following statements is true? 1. If the amount of good will increases during current year, the difference is treated as purchase of goodwill. 2. If the amount of good will decreases during current year, It will treated as written off.
• The proposed dividend for the Current Year would appear on the debit side of which account?
• For Meghal Industries Ltd. opening balance for Provision for Taxation is Rs. 18,000 and closing balance is Rs. 15,000. During the year Taxed paid wereRs. 10,000. What is the current year’s Provision for Taxation made from the profit?
• Last year’s proposed dividend has been paid during the current year and hence will be shown as________
• The balances of Provision for Taxation were Rs. 20000 and Rs. 15000 in 2019 and 2020 respectively, if in the current year taxed paid were Rs. 10000 then what will be the current year provision for tax made from profit?
• There is a close link between the interest rates in two countries and the forward rate premium or discount. The theory about this is :
• The balance of fixed assets of Breej Ltd. at the end of 2018 and 2019 were Rs 5,70,800 and Rs 6,15,300. During the year 2019 a machinery costing Rs 60,000 was sold. Determine the purchase of fixed assets.
• When a part of the Fixed Assets is sold during the year, the Profit on sale is shown on the credit side of which Account?
• At present securities are issued in which form?