The excess price received on the par value of the shares should be credited to
A) Calls in advance
B) Reserve capital account
C) Security premium reserve account
D) None of these
Correct Answer:
Verified
Q13: Discount on issue of Debentures is in
Q14: Premium received on issue of debentures may
Q15: If the rate of G/P is 25%
Q16: Share application account is classified as
A)Real account
B)Personal
Q17: The minimum share application is
A)1% of the
Q19: Which of the following should be deducted
Q20: The security premium will be shown under
Q21: The rate of discount on shares cannot
Q22: Premium on issue of shares can be
Q23: When shares are forfeited the share capital
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