The excess price received on the par value of shares should be credited to
A) Calls in advance account
B) reserve capital
C) security premium account
D) none of these
Correct Answer:
Verified
Q10: Share application is classified as
A)Real account
B)personal account
C)impersonal
Q11: A newly established company cannot issue shares
Q12: The minimum share application is
A)1% of the
Q13: The difference between subscribed capital and called
Q14: The number of days required from the
Q16: The security premium will be shown under
Q17: As per Table A of the companies
Q18: The rate of interest a company can
Q19: The rate of discount on shares cannot
Q20: Premium on issue of shares can be
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