Corporate Accounting

Front

Share allotment account is

Back

Personal

Front

Maximum discount allowed on equity shares

Back

10%

Front

Goodwill is

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Intangible Asset

Front

Profit on re-issue of forfeited shares is transferred to

Back

Capital Reserve

Front

Minimum no. of members in case of public companies is

Back

7

Front

Identify this famous businessman: Noel Tata, Ratan Tata, Azim Premji, Sunil Bharti Mittal

Back

Ratan Tata

Front

A natural or artificial persons who have agreed to buy the original and unissued shares of a corporation are called

Back

subscribers

Front

What is liquidation of a company?

Back

Both voluntary winding up and compulsory winding up.

Front

Statutory Reserve is which schedule?

Back

2

Front

If a share of Rs.10, on which Rs.8 has been called and Rs.5 has been received is forfeited, share capital A/c in this case will be debited with:

Back

Rs.8