McqMate
Sign In
Hamberger menu
McqMate
Sign in
Sign up
Home
Forum
Search
Ask a Question
Sign In
McqMate Copyright © 2024
→
Bachelor of Business Administration in ...
→
Financial Accounting
→
The rate of discount on shares cannot ex...
Q.
The rate of discount on shares cannot exceed ……….
A.
10%
B.
5%
C.
6%
D.
7%
Answer» A. 10%
843
0
Do you find this helpful?
1
View all MCQs in
Financial Accounting
Discussion
No comments yet
Login to comment
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
The rate of discount on shares cannot exceed.
The rate of discount on shares cannot exceed
The rate of discount should not exceed ……………. Of nominal vale of shares.
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 :
If applicants for 80,000 shares were allotted 60,000 shares on prorata basis, the shareholder who was allotted 1,200 shares must have applied for :
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 —
When forfeited shares (which were originally issued at a discount ) are reused at a premium, the amount of such premium will be credited to
Discount on shares and debentures are shown in