Question

5. What will be the correct sequence of events? (i) Forfeiture of shares. (iii) Re-issue of shares. Options: (A) (i), (iv), (ii), (iii) (B) (ii), (iv), (i), (iii) (ii) Default on Calls. (iv) Amount transferred to capital reserve. (C) (ii), (i), (iii), (iv) (D) (iii), (iv), (i) (ii) fits and losses in the ratio of 5:1.​

Answer 1

Answer:

option c is correct answer