Which of the following should be deducted from the share capital to determine the paid up share capital.
A) Calls in advance
B) Calls in arrears
C) Security premium reserve
D) Discount on issue of shares.
Correct Answer:
Verified
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
Q18: The excess price received on the par
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
Q24: The profit on reissue of forfeited shares
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