The rate of discount should not exceed ……………. Of nominal vale of shares.
A) 10%
B) 5%
C) 6%
D) 7%
Correct Answer:
Verified
Q11: The shares of a company can be
Q12: Share application account is a ………..
A)Real Account
B)Nominal
Q13: The rate of discount on shares cannot
Q14: A newly established company cannot issue shares
Q15: . ………..of total issued amount of capital
Q17: The minimum application money to be paid
Q18: The excess price received on the par
Q19: The profit on reissue of forfeited shares
Q20: Preference shareholders are…………
A)Debtors of the company
B)Creditors of
Q21: The shares firstly offered to the existing
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