How much amount will be debited to share capital. If Y Ltd forfeited 100 shares of Rs 10 each, Rs 6 called up issued at a discount of 107 to swati, on which she had paid Rs 2 per share out of these so shares were reissued to Meeta at Rs 8 called up for Rs 6 per share.
Rs 1000
Rs 800
Rs 600
Rs 500
Excess of the called up capital over paid up capital is known as ________.
Calls in advance
Calls in arrears
Reserve capital
None of these
Cost of initial books and seal is _________ expenses.
Capital
Petty cash
Preliminary
Operational
In which type of preference shares the holders of this class of shares are entitled to all arrears before dividend is paid on equity shares?
Cumulative preference shares
Non cumulative preference shares
Redeemable preference shares
Non redeemable preference shares
The employer has the right to exercise the option of purchase of shares within __________.
Lock in period
Unlock in period
Vesting period
Find out the
Bank A/C debit to share
Share application and allotment A/C
Share application and allotment A/C debit to share capital.
No entry
Forfeiture of share means ____________.
Acceptance of membership
Increase the issued share capital of the company
Cancellation of membership of the company
Application and allotment money can be called together. Such call is known as _______
Single call
Final call
Combined call
A partnership has _________.
Separate legal entity
No separate legal entity
Limited liability
None of the above
Stamp duty and registration fee on documents are __________ expenses.
Revenue
Selling
