Maharashtra HSC Class 12 (Commerce) Company Accounts — practice questions
8 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice Maharashtra HSC Class 12 (Commerce) Company Accounts in the app →Shares can be issued at a price higher than face value. This is called issue atSecurities Premium amount under Companies Act 2013 can be used forIf a company issues 10,000 shares of Rs 10 each at a premium of Rs 2, the amount of Securities Premium is'Calls in arrears' refers to'Calls in advance' representsIf a share of face value Rs 10 is issued at Rs 8, this isForfeiture of shares meansOn re-issue of forfeited shares, the maximum discount allowed is