How much amount will be credited to capital Reserve A/C if 100 shares of Rs 10 forfeited for non payment of call of Rs 3 per share reissued at Rs 7 per share.
Rs 600
Rs 400
Rs 200
Rs 1000
While issuing shares to the public the application money should be ________ % of the face value of the share.
1%
2%
5%
4%
_________________ is excess of issue of price over the value of shares.
Par
Premium
Discount
None of these
Bond deposited with the third party, who will deliver it to the Guarantee upon the fulfilment of certain conditions is known as ___________
Escrow Account
Nominal Account
Real Account
Equity share holders have right to ____________.
Vote in special circumstances
Participate in management
Do not have right to participate in management
None of the above
If a company is formed with 20000 shares of Rs.10 each. It issues 15000 shares payable as Rs.3 on application , Rs.3 on allotment ,Rs.2 on first call and the balance of Rs.2 on second call and final call. If the company asks its share holders to pay up to final call the called up capital will be __________.
60000
40000
15000
150000
Which share is the compulsory termination of the membership of the company ?
Forfeiture of share.
Surrender of shares.
Retained of shares.
None of these.
In case of public company, each subscriber is termed as ____________ of the company.
Non member
Agent
Debtors
Member
In case of _____________ companies the liability of each member is limited to the extent of nominal face value of share held by him.
Limited companies
Guarantee companies
Unlimited companies
Capital reserve is formed if shares are _____________
Issued
Asset side
Forfeited and reissued
In the all the above cases