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Share application money received in excess of issued share capital should be shown as a current liability. When a company receives share application money in excess of its issued share capital, it represents an obligation to return the excess amount to the applicants if the shares are not allotted. The amount which is yet to be allotted will come under Share application money pending allotment, however amount over and above the issued share capital will be shown as current liability.
Two trains started from stations ‘A’ and ‘B’ at same time and started travelling towards each other at speeds of 30 km/hr and 20 km/hr, respecti...
Consider the following statements:
(1) The Constitution of Parliament is given in Article 79.
(2) Article 98 talks about the Secretariat...
Mission “Indradhanush” belongs to :
A printer uses a total number of 4893 digits in order to number all the pages of his book. He starts with the digit 1 for the first page of the book. H...
Consider the following statements:
1. Uttar Pradesh and Bihar are two States with maximum population of the Scheduled Castes.
2. Punjab ...
Match List-1. (Classical Dance Form) with List-II (State) and select the correct answer using the codes given below the lists:
EPFO is under the administrative control of which Ministry?
Which one of the following countries is not a member of the ”Quadrilateral Security Dialogue”, also known as ”QUAD”?
Which of the following is an example of an intangible asset?
During the Quit India Movement (1942) parallel Government was established in a part of India, match the following
1. Ballia(UP) ...