The amount of surrendered shares is credited to …

Related MCQs

• On forfeiture of shares, which of the following account is credited with the amount of money already received on such shares?
• Alteration of shares of smaller amounts into shares of larger amount is called…..of share capital
• Alteration of shares of smaller amounts into shares of larger amount is called ……….
• The excess price received on the par value of shares should be credited to ………….
• When company converts its equity shares into capital stock, the account to be credited is …
• When 500 shares of Rs. 10 each on which Rs.3 on final call is not paid, share forfeited account is credited with ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Amount sacrificed by shareholders are credited to ….
• In internal reconstruction, amount sacrificed by shareholders are credited to……..
• The rate of discount on issue of shares should not exceed …. % of the nominal value of shares.
• Right shares are those shares which are issued to