Any excess amount paid to preference share holders is debited to ------ --- account

Related MCQs

• Gross assets are 1,01,000, fictitious assets 350 are included in the gross assets. External liabilities are 7,500. 6% preference share capital is 45,000. Equity capital is 4,500 equity shares of 10 each fully paid. Average expected profit is 8,500. Transfer to reserves is 10% preference dividend is payable. NRR is 9%. The Net Asset Value Per share is ___________.
• Those preference shares which do not carry the right of share in excess profits are known as ------- preference shares.
• Preference share holders are entitled to a fixed rate of -------
• The original amount of preference share capital should be transferred to ............ account in the time of amalgamation in the books of vendor co.
• The original amount of preference share capital should be transferred to ............ account in the time of amalgamation in the books of vendor co.
• Capital Redemption Reserve Account and Securities Premium Account can be only for issuing fully paid Bonus Shares and not for making partly paid shares into ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• The share capital account is debited with …………while forfeiting shares
• The share capital account is debited with …………while forfeiting shares
• When shares are forfeited the share capital account is debited by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• X Ltd takes over Y Ltd and agrees to discharge debenture holders of Y Ltd at a premium of 5%. The premium should be debited to ………