When shares are Forfeited, then the amount called up on Forfeited shares is debited to

Related MCQs

• When the amount of premium on forfeited shares has not been received, then with the proportionate amount of premium
• When shares have been issued at discount, then the proportionate amount of discount on forfeited shares should be
• When Forfeited shares are reissued, then the discount allowed should be             the amount received from old share holders
• When all the Forfeited shares are not reissued, then the proportionate amount in             must be kept in that account
• Forfeited Call on shares is shown in
• When shares are to be redeemed out of profits, a sum equal to nominal amount of shares redeemed is to be transferred to
• If there is a loss prior to incorporation, it will be debited to
• The Companies Act provides that minimum amount of             of the face value of shares must be paid along with the application
• Under Section 80, Preference Shares are redeemed out of amount received from
• When a company pays remuneration to its promoters by issuing shares to them, then