Equity Shareholders giving up their claim to the reserves & accumulated profit amounts to______________

Related MCQs

• The following statements apply to equity/preference shareholders. Which one of them applies only to preference shareholders?
• A B C are three partners sharing profit and loss in the ration of 2:2:1, B recently obtained MBA degree from Oxford University, accordingly the partner decided to give him a guaranteed profit of ` 60,000. Find the share of profit of B if the firm made a net profit of ` 1,25,000 during 2012-13
• If Average Profit of a certain firm for last five years is Rs5,00,000 , Normal profit is Rs 3,50,000/-. What would be the Value of Goodwill at 3years purchase of super profit
• P and Q are partners sharing profit and loss in the proportion 2:1 in the Joint Venture. P keeps accounts of joint venture. Q gave Rs. 5,000 to P for joint venture business. P prepared accounts and showed profit of Rs. 2,250. P settled Q’s account. In the books of Q, Rs. _______ profit is credited.
• . …….of profit is transferred to statutory reserves.
• Preference shares, in case the holders of these have a right to convert their preference shares into equity shares at their option according to the terms of issue, such shares are called :
• As per the Companies Act, 1956 which of these are allowed to create secret reserves in their books of account
• Which shareholders are returned their capital after some specified time :
• Accumulated depreciation is an example of
• Cost of fixed asset minus accumulated depreciation expenses of the fixed asset: