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प्रश्न
Lexa Ltd. issued 50,000 equity shares of ₹ 10 each at a premium of ₹ 2 per share. The amount was payable as follows:
On application and allotment - ₹ 7 per share (including premium)
On first and final call - Balance
The issue was fully subscribed. All the money was duly received except the first and final call on 1,000 equity shares. These shares were forfeited. On forfeiture of these shares, Calls in Arrears Account will be
विकल्प
credited by ₹ 7,000.
debited by ₹ 5,000.
credited by ₹ 5,000.
debited by ₹ 7,000.
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उत्तर
Credited by ₹ 5,000.
Explanation:
Issue price = ₹ 10 + ₹ 2 premium = ₹ 12. ₹ 7 per share was payable on application and allotment, so the balance call was ₹ 5 per share. For 1,000 shares:
1,000 × ₹ 5 = ₹ 5,000
On forfeiture, Calls in Arrears A/c is credited by ₹ 5,000.
