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X Ltd. forfeited 400 shares of Rs. 20 ea...

X Ltd. forfeited 400 shares of Rs. 20 each Rs. 15 called up on which application and allotment money of Rs. 11 per share has been received. Of these, 100 shares were re-issued as fully paid-up for Rs. 24 per share. What is the amount to be transferred to Capital Reserve ?

A

Rs. 1,500

B

Rs. 4,400

C

Rs. 1,100

D

Rs. 3,500

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The correct Answer is:
C
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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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