Select the appropriate answer from the alternative given below and rewrite the sentence.
i. The balance of Share Forfeiture A/c is transferred to ___________Account after reissue of these share.
(a) Reserve Capital
(b) Capital Reserve
(c) Profit & Loss
(d) Share Capital
ii. Premium received on issue of shares is shown to _________
(a) Liability side of Balance Sheet
(b) Asset side of Balance Sheet
(c) Profit & Loss A/c debit side
(d) Profit & Loss A/c credit side
iii. Shareholders get ___________ on shares.
(a) interest
(b) commission
(c) rent
(d) dividends
iv. The document inviting to subscribe the shares of a company is ___________
(a) Prospectus
(b) Memorandum of Association
(c) Articles of Association
(d) Share certificate
v. As per SEBI guidelines, minimum amount payable on share application should be ___________ Nominal Value of shares.
(a) 10%
(b) 15%
(c) 2%
(d) 5%
