Question

What will be the correct sequence of events?

1. Forfeiture of shares.
2. Default on Calls.
3. Re-issue of shares.
4. Amount transferred to capital reserve.

विकल्प

• (i), (iv), (ii), (iii)

• (ii), (iv), (i), (iii)

• (ii), (i), (iii), (iv)

• (iii), (iv), (i) (ii)

Answer 1

(ii), (i), (iii), (iv)

Explanation:

(ii) Default on Calls

(i) Forfeiture of Shares

(iii) Re-issue of Shares

(iv) Amount transferred to Capital Reserve