The balance in the forfeited share account is a capital profit and will ne transferred to
Forfeited shares account
Shareholders account
Securities premium account
Capital reserve account
Full form of SEBI ?
State Exchange Board of India
Securities Exchange Board of India
Share Exchange Bill of India
State Exchange Bill of Institution
Capital reserves represent
Capital profit
Nominal profit
Share profit
Debenture profit
Two types of journal entries connected with the issue of share are
Bank entry and Contra entry
Cash entry and Transfer entry
Capital entry and bank entry
Share entry and Transfer entry
When an applicant sends more money than what is called by the company, the excess money is called
Calls in advance
Calls for shares
Calls in arrears
Application call
Holders of shares of a company is called
Shareholders
Debenture holders
Managers
Directors
In which way shares of a company may be issued
Issue of shares at par
Issue of shares at premium
Issue of shares at discount
All of the above
Reserve capital is can be issued only at the time of
Dissolution
Reconstruction
Winding up
Starting
The shares which cannot be refunded before winding up is
Re deemable Preference shares
Irredeemable Preference shares
Cumulative Preference shares
Convertable Preference shares
The discount on reissue of forfeited shares is debited to
Forfeiture account
