The balance of the forfeited shares account after reissue of forfeited shares account is transferred to:
A) Capital Reserve Account
B) Share Capital Account
C) Profit and Loss Account
D) Suspense Account
Correct Answer:
Verified
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
Q75: Discount allowed on reissue of forfeited shares
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
Q81: Share Application account is a
A)Real Account
B)Nominal Account
C)Mixed
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