CH-1 Accounting Of Share Capital

4.0(1)
studied byStudied by 3 people
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/5

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

6 Terms

1
New cards

Forfei1ure of shares

takes place when a shareholder fails 10 pay the calls made.

2
New cards

PREFERENCE

SHARES- These are the shares that carry preferential right as to dividend at fixed rate and preferential right as to repayment of capital.

3
New cards

Reserve capital

is a part of subscribed share capital that a company resolves.

4
New cards

Pro rata allounen1

takes place only when the shnres are ovcrsubscnbed.

5
New cards

EQUITY SHARES

- TheŁe shares are the shareŁ that are not preference Łhares.

6
New cards

Securities premium

- How dealt when shares are forfeited.