Financial Accounting 2
M
Q 1. As per the SEBI guidelines, on issue of shares, the application money should not be less than
R
Q 2. When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.
P
Q 3. The Securities Premium amount may be utilized by a company for __________.
V
Q 4. The excess price received over the par value of shares, should be credited __________.
R
Q 5. Discount on issue of debentures is shown under the heading in a company's Balance Sheet _______
P
Q 6. Debentures represent the _________
P
Q 7. Forfeited shares to become ________
R
Q 8. To issue shares on Discount mean
V
Q 9. To issue shares on Par mean
V