Teaching Accountancy Company Accounts Question Bank MCQ - Company Accounts

  • question_answer
                Match the following
    List I List II
    A. If the forfeited shares are reissued at discount the discount amount is debited to the...... 1. Share premium
    B. .....can be used to write off preliminary expense 2. Share forfeiture account
    C. Premium received on Issue of debenture is a ….. 3. 20 years
    D. Preference shared redeemable within ….. can be issued 4. Capital gain
    Codes

    A)          A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3   

    B)  A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1

    C)  A\[\to \]2, B\[\to \]4, C\[\to \]1, D\[\to \]3

    D)  A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1

    Correct Answer: A


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