Question

If a share of ₹10 issued at a premium of ₹1 on which ₹9 (including premium) have been called and ₹7 including premium is paid is forfeited, the capital account should be debited by  ______.

विकल्प

• ₹10

• ₹7

• ₹8

• ₹9

Answer 1

If a share of ₹10 issued at a premium of ₹1 on which ₹9 (including premium) have been called and ₹7 including premium is paid is forfeited, the capital account should be debited by  ₹8.

Explanation:

Out of ₹9 called-up, ₹1 is premium, so called-up towards Share Capital = ₹8

Out of ₹7 paid, ₹1 is premium, so paid towards Share Capital = ₹6

Unpaid towards Share Capital = ₹8 – ₹6 = ₹2

Called-up on share capital = ₹8