Practicing Success
Match the following:
|
1) b, 2) c, 3) d, 4) a 1) c, 2) b, 3) d, 4) a 1) c, 2) d, 3) b, 4) a 1) c, 2) b, 3) a, 4) d |
1) c, 2) b, 3) d, 4) a |
* Liability of shareholder- The liability of the members of the company is limited to the extent of unpaid amount of the shares held by them. In the case of the companies limited by guarantee, the liability of its members is limited to the extent of the guarantee given by them in the event of the company being wound up. * Equity shares cannot issued for- Equity shares cannot be issued for Distribution of dividend.
* Balance of share forfeiture transferred- The balance of the share forfeiture account is a capital profit; hence, it will be transferred to the capital reserve. |