Accounting - Study Mode
[#1191] Which of the following match is not correct?
Correct Answer
(D) Right share ⇔ Issued to new shareholders
[#1192] X co. Ltd. forfeited 1,000 shares of Rs. 10 each fully called up for non-payment of final call of Rs. 1 per share. 400 of forfeited shares are reissued as fully paid at Rs. 8 per share. The balance of forfeited share account will be:
Correct Answer
(A) Rs. 2,800
[#1193] Depreciation is charged on
Correct Answer
(B) Fixed asset
[#1194] Consider the following statements: Assertion (A): Every shareholder has a right to receive a share-certificate from the company whose shares he has purchased. Reason (R): Share-certificate is a conclusive evidence of the title of the person to the shares which are written in his name in the certificate. Now select your answer:
Correct Answer
(A) Both A and R are ture and R is the correct explanation of A
[#1195] If Earnings-Price (E-P) ratio is 0.05 and Earnings Per Share (EPS) is Rs. 8 the market price of the share will be
Correct Answer
(C) 160