The original amount of preference share capital should be transferred to ............ account in the time of amalgamation in the books of vendor co.

Related MCQs

• The original amount of preference share capital should be transferred to ............ account in the time of amalgamation in the books of vendor co.
• 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 ___________.
• ……………….is the amount payable by the purchasing companies to the vendor company for taking over the business of vendor company.
• Amalgamation adjustment account is opened in the books of Transferee Company to incorporate …………..
• The Amalgamation Adjustment Account appears in the books, it is shown under the heading of ......... in the balance sheet.
• In case of subdivision of share capital, the amount of share capital……….
• Any excess amount paid to preference share holders is debited to ------ --- account
• Those preference shares which do not carry the right of share in excess profits are known as ------- preference shares.
• 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 ……
• When 4,000 equity shares of Rs.10 each is bought back at Rs.20 per share, the amount to be transferred to Capital Redemption Reserve is