Accounting - Study Mode
[#786] Voluntary return of shares by shareholders to the company for cancellation is called:
Correct Answer
(C) surrender of shares
[#787] Internal reconstruction can be done by . . . . . . . .
Correct Answer
(D) All of these
[#788] Match List-I with List-II and select the correct answer using the options given below the lists: List-I List-II a. Receipts and payments account 1. Revenue b. Income and expenditure account 2. Cash c. Dividend equalization reserve 3. Liability d. Subscription received in advance account 4. General reserve
Correct Answer
(A) a-2, b-1, c-4, d-3
[#789] Money received in advance from shareholders before it is called-up by the directors is:
Correct Answer
(D) Credited to calls in advance account
[#790] In the case of hire purchase assets account is debited with
Correct Answer
(B) Cash price