1.

Select the appropriate answer from the alternative given below and rewrite the sentence.i. The balance of Share Forfeiture A/c is transferred to ___________Account after reissue of these share.(a) Reserve Capital(b) Capital Reserve(c) Profit & Loss(d) Share Capitalii. Premium received on issue of shares is shown to _________ (a) Liability side of Balance Sheet (b) Asset side of Balance Sheet (c) Profit & Loss A/c debit side (d) Profit & Loss A/c credit sideiii. Shareholders get ___________ on shares. (a) interest (b) commission (c) rent (d) dividendsiv. The document inviting to subscribe the shares of a company is ___________(a) Prospectus (b) Memorandum of Association (c) Articles of Association (d) Share certificatev. As per SEBI guidelines, minimum amount payable on share application should be ___________ Nominal Value of shares.(a) 10% (b) 15% (c) 2% (d) 5%

Answer»

i. (b) Capital Reserve

ii. (a) Liability side of Balance Sheet

iii. (d) dividends

iv. (a) Prospectus

v. (d) 5%



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