The excess price received over the par value of shares, should be credited __________.
A) calls-in-advance account
B) share capital account
C) securities premium account
D) discount on issue of shares account
Correct Answer:
Verified
Q3: Cancelation of shares mean
A)reissue of shares
B)valuation of
Q4: To issue shares on premium mean
A)issue on
Q5: To issue shares on Par mean
A)issue on
Q6: To issue shares on Discount mean
A)issue on
Q7: Forfeited shares to become _
A)property of the
Q8: Debentures represent the _
A)manager's share in a
Q9: Discount on issue of debentures is shown
Q11: The Securities Premium amount may be utilized
Q12: When shares are forfeited, the share capital
Q13: As per the SEBI guidelines, on issue
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