Multiple Choice
The balance of the forfeited shares account after reissue of forfeited shares account is transferred to:
A) Capital Reserve Account
B) Share Capital Account
C) Profit and Loss Account
D) Suspense Account
Correct Answer:
Verified
Correct Answer:
Verified
Q59: Cash loaned to a company is called:<br>A)Dividends<br>B)Debentures<br>C)Shares<br>D)Reserves
Q60: Share premium money can be used for:<br>A)Payment
Q61: Premium received on issue of shares cannot
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Q66: The profit on depreciation policy is transferred
Q67: These reserves are created out of revenue
Q68: The asset which is an exception from
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