Question
When shares are forfeited due to non-payment of call
money, the amounts previously paid by the shareholder are credited to the Share Forfeiture Account. If there is any excess balance remaining in this account after reissuing the forfeited shares, it must be transferred to a specific account in the financial statements. Which account is used to transfer the excess balance from the Share Forfeiture Account?Solution
When shares are forfeited, the amount paid by the shareholders up to the point of forfeiture is credited to the Share Forfeiture Account. If these forfeited shares are later reissued at a discount or at face value, any excess balance remaining in the Share Forfeiture Account is transferred to the Capital Reserve Account. This account is used for specific purposes as defined by company law and cannot be distributed as dividends.
Which of the following crops are usually called as alkali tolerant crops.
NPH- 1 is the first hybrid of which crop?
Agranal chloroplasts are found in _____
Pollen sterility in wheat is due to deficiency of
The disorder found in mango which is caused due to improper pollination and fertilisation is
Diffusion of water or other solvent through a semi-permeable membrane is called
Which of the following is non-edible oilseed?
Iron is an important component of which of the following enzyme?
Respiratory quotient of carbohydrate is ____
Japanese style of floral arrangement is termed as
