Profit on the re‐issue of forfeited shares is transferred to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ account.

Related MCQs

• The profit on reissue of forfeited shares is transferred to ………
• The profit on reissue of shares is transferred to ….
• Discount on reissue of forfeited shares should not exceed ………….
• Profit on re‐issue of forfeited shares will appear on the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ side of the balance sheet.
• When shares are forfeited the share capital account is debited by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• When 500 shares of Rs. 10 each on which Rs.3 on final call is not paid, share forfeited account is credited with ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Capital Redemption Reserve Account and Securities Premium Account can be only for issuing fully paid Bonus Shares and not for making partly paid shares into ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• In case of redemption out f profit, an amount equal to face value of shares so redeemed should be transferred to …………
• The discount on re-issue of forfeited shares is debited to ---- a/c.
• The shares of a company only can be forfeited after giving a ………days notice