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Select the Most Appropriate Answer from the Alternatives Given Below and Rewrite the Sentence : - Book Keeping and Accountancy

MCQ

Select the most appropriate answer from the alternatives given below and rewrite the sentence :
As per Table A, the amount on call on a share must not exceed ____________ percent.

Options

  • 5

  • 10

  • 20

  • 25

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Solution

As per Table A, the amount on call on a share must not exceed 25 per cent.

Explanation:  A company cannot call more than 25% of the nominal value of shares in one call.

Concept: Calls in Advance and Arrears
  Is there an error in this question or solution?
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APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 10 Company Accounts Part - 1 (Accounting for Shares)
Exercise | Q 5 | Page 351
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