Question : Which of the following is a temporary representative personal account of shareholders?
Option 1: Share Application A/c
Option 2: Share Allotment A/c
Option 3: Share Application & Allotment A/c
Option 4: All of these
Correct Answer: All of these
Solution : Answer = All of these.
All of these accounts—Share Application A/c, Share Allotment A/c, and Share Application & Allotment A/c—are temporary representative personal accounts of shareholders. They represent the initial stages of issuing shares, tracking the application and allotment process, and are closed once the shares are fully issued and allotted. Hence, the correct option is 4.
Question : Which one of the following is a permanent representative personal account of shareholders?
Question : Received share application money towards application & allotment of shares will be credited to which of the following account?
Question : Share application and allotment account is a-
Question : A shareholder failed to pay share allotment money on 10,000 shares @ Rs. 30 per share. Which one of the following account will be taken into account?
Question : The nature of Receipts and Payment Account is:
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