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Q. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ have priority over equity as to the receipt of individuals and as to assets in the event of liquidation.

Q. The security premium account is shown in the balance sheet under the head……….

Q. A ‐‐‐‐‐‐‐‐‐‐‐‐ loan is payable on demand

Q. Preference shareholders are…………

Q. Interest on debenture is ……….

Q. The minimum application money to be paid by an applicant must not be less than …….as per Companies Act.

Q. Capital redemption reserve is created out of

Q. Bills receivable is ……………………..assets.

Q. In subdivision of shares, …… capital does not change

Q. Alteration of shares of smaller amounts into shares of larger amount is called ……….