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2,000 shares of Rs. 10, on which Rs. 7 h...

2,000 shares of Rs. 10, on which Rs. 7 has been called and Rs. 5 been paid, are forfeited. Out of these, 1,500 shares are re-issued for Rs. 9 as fully paid. What is the amount to be transferred to Capital Reserve Account ?

A

Rs. 6,000

B

Rs. 7,500

C

Rs. 10,000

D

Rs. 8,500

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The correct Answer is:
A
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400 shares of Rs. 10, on which Rs. 8 has been called and Rs. 5 has been paid, are forfeited. Out of these, 300 shares are re-issued for Rs. 9 as fully paid. What is the amount to be transferred to Capital Reserve Account ?

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Z Ltd. forfeited 300 shares of Rs. 10 each issued at 20% premium (Rs. 9 called up) on which Rs. 4 of allotment (including premium) and first call of Rs. 2 has not been received. Out of these, 100 shares were re-issued as fully paid up for Rs. 9 per share. What is to amount to be transferred to capital Reserve ?

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DK GOEL-COMPANY ACCOUNTS - ISSUE OF SHARES -MULTIPLE CHOICE QUESTIONS
  1. Share Application Account is in the nature of :

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  2. Maximum limit of Premium on shares is :

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  3. Amount of Calls inAdvance is

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  4. Following amount were payable on issue of shares by a Company : Rs. 3 ...

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  5. The subscribed capital of a company is Rs. 80,00,000 and the nominal v...

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  6. A shareholder holding 600 shares paid the amount of call @ Rs. 5 per s...

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  7. E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares o...

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  8. A company issued 4,000 equity shares of Rs. 10 each at par payable as ...

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  9. A company issued 4,000 equity shares of Rs. 10 each at par payable as ...

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  10. Which one of the following items is not a part of subscribed capital ?

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  11. Y Ltd. forfeited 400 shares of Rs. 10 each, Rs. 7 called up, for non-...

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  12. 400 shares of Rs. 10, on which Rs. 8 has been called and Rs. 5 has bee...

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  13. R Ltd. forfeited 600 shares of Rs. 100 each Rs. 70 called up on which ...

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  14. Madhu Ltd. forfeited 800 shares of Rs. 10 each issued at 10% premium t...

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  15. B Ltd. forfrited 300 shares of Rs. 100 each, Rs. 70 called up, for non...

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  16. 2,000 shares of Rs. 10, on which Rs. 7 has been called and Rs. 5 been ...

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  17. X Ltd. forfeited 400 shares of Rs. 20 each Rs. 15 called up on which a...

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  18. Z Ltd. forfeited 300 shares of Rs. 10 each issued at 20% premium (Rs. ...

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  19. What is the net balance left in Share Forfeiture Account :

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  20. Metacaf Ltd. issued 50,000 shares of Rs. 100 each payable Rs. 20 on ap...

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