Teaching Accountancy Company Accounts Question Bank MCQ - Company Accounts

  • question_answer
    Match the following
    List I List II
    A. The formula for calculating the profit on reissue is 1. Aricle of Association
    B. Right shares must be first offered to existing....... 2. Security premium
    C. Premium received on issue of debenture is credited to...... 3. Amount forfeited less discount on reissue
    D. Redeemable preference shares can be issued only when it is authorised by its….. 4. Equity shareholders
    Codes

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

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

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

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

    Correct Answer: C


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