Discount allowed on reissue of forfeited shares is debited to:
A) Discount on issue of shares account
B) Forfeited Shares account
C) Profit & Loss Account
D) Suspense Account
Correct Answer:
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Q70: Share Capital in the balance sheet is
Q71: A private invitation to the public to
Q72: A document which gives company's relationship with
Q73: A share of a public company is:
A)Non-refundable
B)Non-transferable
C)Transferable
D)Not
Q74: Share premium money can be used for:
A)Payment
Q76: The balance of the forfeited shares account
Q77: If a share of Rs.10, on which
Q78: A situation where accompany receives application for
Q79: A company is a person created by
A)Human
Q80: Transferability of share is permitted by:
A)All companies
B)Only
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