Share application and allotment account is a:

Related MCQs

• When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.
• Forfeiture of shares results in compulsory termination of ______ due to non-payment of allotment/call money
• The Branch Account prepared under Final Account System is the nature of:
• The balance of branch adjustment account is transferred to _________ account
• Value of goodwill agreed upon Rs. 30000 on C, S admission and allowing him ¼ share of total profit Goodwill is brought in cash, the amount of goodwill be as:
• An incoming partner pays his share of goodwill in cash, and profit sharing ration of old partner is changed, Goodwill be distributed among old partners:
• Goodwill of the firm is valued Rs. 30000. C an incoming partner purchase ¼ share of total profit Goodwill be raised in the books.
• A person who receives a share of profits from one of the regular partner is called:
• Right share are not offered to the existing equity shareholders if:
• According to sec. 100(1)(c) of the companies act, a company can pay back share capital which is in excess of need if: