Advertisements
Advertisements
Question
What will be the correct sequence of events?
- Forfeiture of shares.
- Default on Calls.
- Re-issue of shares.
- Amount transferred to capital reserve.
Options
(i), (iv), (ii), (iii)
(ii), (iv), (i), (iii)
(ii), (i), (iii), (iv)
(iii), (iv), (i) (ii)
MCQ
Advertisements
Solution
(ii), (i), (iii), (iv)
Explanation:
(ii) Default on Calls
(i) Forfeiture of Shares
(iii) Re-issue of Shares
(iv) Amount transferred to Capital Reserve
shaalaa.com
Is there an error in this question or solution?
Chapter 6: Company Accounts - Issue of Shares - OBJECTIVE TYPE QUESTIONS [Page 6.209]
