016

017

018.

019

020.

022

023

if vendors are issued fully paid shares of Rs. 1,00,000 In consideration of net asset
worth Rs. 85.000. the balance of Rs. 15,000 will be debited to

(A) Profit and Loss Account (B) Goodwill Account

(C) Capital Reserve Account (D) None of these

The balance in the Share Forfelted Account after the reissue of forfeited shares is
transferred to

(¢) Reserve Capital (8) Share Capital

(€) Capital Reserve (D) Profit and Loss Account

A rlght of one person to satisfy a claim against another by holding or retaining the
possession of others property is termed as

(ക) Right shares (8) Legacy
(©) (ला (5) Underwrlting
The balance of the Debenture Sinking Fund account after redemption of Debentures ஐ

is transferred to

(2) Profit and Loss Account

(8) Capital Reserve

(2) Debenture Redemption Fund Account
(D) General Reserve

The shares issued as part of capitalisation of reserves
(A) Bonus share (8) Right shares
(©) Preference share (D) None of these

. Loss sufferred from the date of acquisition of business to the date of incorporation

should be debited to
(¢) Goodwill Account (8) Profit and Loss Account
(€) Capital Reserve Account (D) Preliminary Expenses Account

Reduction of Share Capital requires the permission of

(A) Central Govt. )8( 588
(©) (८०५१६ (D) Allof these

Preliminary expenses are transferred by the vendor company at the time of
absorption to

(മ) Realization account (ഭു Equity sharehelders account

(©) Purchasing company's account (D) Revaluation account

49/2019 - A ठ ‏ب"‎