If shares are bought back out of free reserves then a sum equal to nominal value of the shares so bought back is transferred to:

Related MCQs

• Maximum buy back limit in any year is ______ of total paid up equity capital and free reserves.
• Bonus shares are issued by ________ free reserves
• After the issue of forfeited shares, balance of forfeited shares account Is transferred to
• Which of the following reserves which can be utilised to make partly paid shares into fully paid up:
• On the balance sheet of a company, the value of the asset bought through hire purchase will appear as:
• Which of the following is not a nominal Account?
• Preference shares have priority over equity shares for
• Redeemable Preference shares can be redeemed out of __________
• Which of the following can be utilized for the redemption of preference shares of a company out of profit:
• Bonus shares are issued out of _________