Which of the following reserves which can be utilised to make partly paid shares into fully paid up:

Related MCQs

• 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:
• Bonus shares are issued by ________ free reserves
• Maximum buy back limit in any year is ______ of total paid up equity capital and free reserves.
• After the issue of forfeited shares, balance of forfeited shares account Is transferred to
• Preference shares have priority over equity shares for
• Which of the following can be utilized for the redemption of preference shares of a company out of profit:
• Redeemable Preference shares can be redeemed out of __________
• Which of the following cannot be utilized for the redemption of preference shares of a company
• When Redeemable Preference shares are due for redemption, the entry passed is
• When bonus share are received the average cost of the existing shares are ______