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Give one word/term/phrase for each of the following statements.

i. The capital is not disclosed in the Balance Sheet.

ii. Preference share on which arrears of dividend accumulate.

iii. A preference share having the right of conversion into equity.

iv. The account to which excess amount on Share Forfeited A/c is transferred.

v. The maximum amount beyond which a company is not allowed to raise its share capital.

1 Answer

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Best answer

i. Reserve capital

ii. Cumulative preference shares

iii. Convertible preference shares

iv. Capital Reserve Account

v. Authorised/Nominal capital

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