After reissue of shares, the balance of forfeited shares A/C on reissued shares is transferred to ________________ A/C.
Capital Reserve
Reserve Capital
Profit & Loss A/C
None of these
The maximum number of members in case of a public company is ___________.
Sixty
Seventy
Fifty
No limit
Which share is the compulsory termination of the membership of the company ?
Forfeiture of share.
Surrender of shares.
Retained of shares.
None of these.
How many days beofre the company need to prepared a draft on the first allotment of shares or debentures should be file with registrar?
1 day
2 days
3 days
4 days
Issue of shares at the face value is known as ________
Issue of shares at par
Issue of shares at premium
Issue of shares at discount
No further issue
Sale of shares are not offered in case of _________.
Private company
Public company
Both A & B
The minimum number of members in a private company is _________.
Two
One
Seven
Ten
While passing journal entry regarding forfeiture share capital account with amount called up will be ____________.
Debited
Credited
Both 1 & 2
Equity share holders have ___________.
Full right to vote in all circumstances
Right to vote in special circumstances
Do not have right to participate management
Identify the Journal entry for issue of shares to vendors at par.
Vendors A/c Dr
To share capital A/c.
To share capital securities premium A/c
Vendors A/c & Discount on issue of shares A/c Dr
To share capital A/c