Accounting - Study Mode
[#1126] Share forfeiture account is shown in the liabilities side under
Correct Answer
(B) By adding it in the paid up capital
[#1127] Amount of minimum share subscritption is
Correct Answer
(B) 5% of face value of share
[#1128] Right shares means those shares which are
Correct Answer
(B) Offered to existing share holders
[#1129] When shares are forfeited, the share capital account is debited by
Correct Answer
(C) called-up amount on forfeited shares
[#1130] Realisation principle of accounting does not apply to:
Correct Answer
(A) Long-term construction contracts