Asked/Added Questions From NCERT:

Question 1. Asked on :08 August 2021:04:45:24 AM

Which of the following is not true?

a) Loss on reissue of shares cannot be more than the gain on forfeiture of those shares

b) Where all the forfeited shares are not reissued the share forfeited account will show a credit balance equal to gain on forfeiture of shares not yet re-issued.

c) When the shares are forfeited, securities premium is debited along with share capital where premium has not been received.

d) Where forfeited shares are re-issued at premium, the amount of such premium is credited to capital reserve account.

-Added by Master Purushottam Accountancy » Issue Of Share Capital MCQs


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