Question
A company foreited certain equity shares. These were
re-issued later in the year. The profit on Forfeiture of these shares would be transferred to which of the following accounts?Solution
Forfeited shares can be re-issued. Any amount of profit on re-issue is a capital receipt and should be transferred to capital reserve account because this profit is a capital gain for the company.
Which polymer is primarily used in making pipes and cable coatings?
What type of sugar is maltose classified as?
Which of the following is the best sources for Vitamin D are –
The first nuclear reactor made in India is named:
How many protons are present in the nucleus of an oxygen atom?
Atomic number of an element is equal to the number of ____ in the nucleus.
Which of the following elements is a noble gas?
What type of equilibrium is it when the center of gravity is at the highest point?
What type of glass is used in the manufacturing of cooking utensils?
Nitrous Oxide (N2O) is also known as –
