__________________ means the amount per share paid by the defaulters on the forfeited shares.
Amount per share called
Amount per share received
Number of forfeited shares
None of these
If a company issues 10000 shares of Rs.10 each and applications are received for 6500 shares. The subscribed capital will be _________.
10000
100000
65000
6500
In Accounting, preliminary expenses can be treated as ______________ expenditure.
Capital
Revenue
Deferred revenue
Other operational
Find out the advantages of cash book
Disclose balance of profit and loss at a glance
It shows the depreciaiton of assets.
It shows the liability
It reduces the burden journal entries relating to cash
While passing journal entry regarding forfeiture share capital account with amount called up will be ____________.
Debited
Credited
Both 1 & 2
None of these.
If total number of applicants in the category of 100 shares is 1500 and the issue is 3 times over - subscribed, then the proportionate allotment would be
15000 shares
20000 shares
50000 shares
40000 shares
Lesser shares subscribed by the public than what was offered to them is ____________Shares.
Over subscription
Under subscription
Both a & b
Find out the characteristics of company?
Unlimited liability
Perpetual succession
Imperpetual succession
No compulsory registration
The authority to forfeit shares is given by company's ____________.
Article of Association.
Memorandom of Associaton.
Employees of Association.
Discount on issue of shares Account is a _____________________.
Contigent Liability
Fictitious Asset
Deffered Income