Match List-I with List-II
|
List-I |
List-II |
|
(A)The maximum amount of share capital which a company is authorized to issue is known as: |
(I) Capital reserve |
|
(B) Shares can be forfeited for: |
(II) Share capital |
|
(C) The profit on the reissue of forfeited shares is transferred to: |
(III) Nominal share capital |
|
(D) Balance of share forfeiture account is shown in the balance sheet under the item: |
(IV) Non-payment of call money |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (A)-(III), (B)-(IV), (C)-(I), (D)-(II)
|
List-I |
List-II |
|
(A)The maximum amount of share capital which a company is authorized to issue is known as: |
(III) Nominal share capital |
|
(B) Shares can be forfeited for: |
(IV) Non-payment of call money |
|
(C) The profit on the reissue of forfeited shares is transferred to: |
(I) Capital reserve |
|
(D) Balance of share forfeiture account is shown in the balance sheet under the item: |
(II) Share capital |