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Identify the statement that is/are not true from the following.
A. Shares can be forfeited for non payment of call money.
B. The profit on forfeited shares is transferred to capital reserve.
C. Balance of share forfeiture account is shown is the balance sheet under reserves and surplus.
D. Application money should be at least 10% of the face value of the share.
Choose the correct answer from the options given below:
  • a)
    A only
  • b)
    C only
  • c)
    C, D only
  • d)
    B, D only
Correct answer is option 'C'. Can you explain this answer?
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Identify the statement that is/are not true from the following.A. Shar...
(C) and (D) are not true statements
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Identify the statement that is/are not true from the following.A. Shares can be forfeited for non payment of call money.B. The profit on forfeited shares is transferred to capital reserve.C. Balance of share forfeiture account is shown is the balance sheet under reserves and surplus.D. Application money should be at least 10% of the face value of the share.Choose the correct answer from the options given below:a)A onlyb)C onlyc)C, D onlyd)B, D onlyCorrect answer is option 'C'. Can you explain this answer?
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Identify the statement that is/are not true from the following.A. Shares can be forfeited for non payment of call money.B. The profit on forfeited shares is transferred to capital reserve.C. Balance of share forfeiture account is shown is the balance sheet under reserves and surplus.D. Application money should be at least 10% of the face value of the share.Choose the correct answer from the options given below:a)A onlyb)C onlyc)C, D onlyd)B, D onlyCorrect answer is option 'C'. Can you explain this answer? for Humanities/Arts 2025 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Identify the statement that is/are not true from the following.A. Shares can be forfeited for non payment of call money.B. The profit on forfeited shares is transferred to capital reserve.C. Balance of share forfeiture account is shown is the balance sheet under reserves and surplus.D. Application money should be at least 10% of the face value of the share.Choose the correct answer from the options given below:a)A onlyb)C onlyc)C, D onlyd)B, D onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Identify the statement that is/are not true from the following.A. Shares can be forfeited for non payment of call money.B. The profit on forfeited shares is transferred to capital reserve.C. Balance of share forfeiture account is shown is the balance sheet under reserves and surplus.D. Application money should be at least 10% of the face value of the share.Choose the correct answer from the options given below:a)A onlyb)C onlyc)C, D onlyd)B, D onlyCorrect answer is option 'C'. Can you explain this answer?.
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