Which of the following is the capital reserve of a compan...
Which of the following is the capital reserve of a company?
Share premium
Retained profit
Accumulated depreciation
Loss on forfeited shares
Correct answer is A
A capital reserve is an account in the equity section of the balance sheet that can be used for contingencies or to offset capital losses. It is derived from the accumulated capital surplus of a company, created out of capital profit.
Capital Reserve is a type of profit that is earned on capital transactions - an example would be the profit arising from the forfeiture of shares, share premium, Capital Redemption Reserve or Debenture Redemption Reserve.
The authority to transfer fund from one head to another within the same organization is called ...
What is Kunle's share of the profit? ...
The manufacturing account is prepared to ascertain ...
The major point of agreement carried by the partnership deed is? ...
Which of the following errors affects the trial balance? ...
When goodwill is not retained in the business, the entries in the new partners' book will be to ...