Share application money received in excess of issued share capital should be shown as a current liability. When a company receives share application money in excess of its issued share capital, it represents an obligation to return the excess amount to the applicants if the shares are not allotted. The amount which is yet to be allotted will come under Share application money pending allotment, however amount over and above the issued share capital will be shown as current liability.
Select the most appropriate synonym of the given word.
ACCRUE
Amnesia
...To make rude and mocking remarks in a loud voice
An ornament fastened to clothing with a hinged pin
Person who finds it difficult to go to sleep
Choose the word opposite in meaning to the given word.
Prosperity
The weather was mild and pleasant.
Choose the word opposite in meaning to the given word.
Concise
The results were consistent with our expectations.
Select the most appropriate synonym of the bold word.
This library was built with donations from the munificent citizens of the city.
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