A Company can issue share at a discount if:

Related MCQs

• ABC Ltd. makes payments to its Sundry Creditors through cheques and the Cash Discount received on these payments is recorded in the Triple-columnar Cash Book. In the event of dishonour of any such cheques, the discount so received should be written back through (i) A debit to discount column of the Cash Book (ii) A credit to discount column of the Cash Book (iii) A credit to bank column of the Cash Book (iv) A debit to Discount Account through Journal Proper (v) A credit to Creditor‘s Account through Journal Proper
• Discount on issue of share is
• 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 ……
• In the balance sheet of a company , the discount on issue of debentures is shown under which heading
• In the balance sheet of a company, the discount on issue of debentures is shown under which heading
• A new company set up by existing companies with five year track record can issue share at premium provided:
• In case of Buy Back at a discount the amount of discount is transferred to _________________
• Goods worth ` 10,000 were purchased by B on which the traders allowed ` 500 trade discount and offer to give 5% cash discount if immediate payment is made. The Purchase A/c will be debited by —
• The maximum amount beyond which a company is not allowed to raise funds, by issue of share is
• On amalgamation, Share issue Expenses A/c appearing on Assets side of the balance sheet of the vendor company