Advertisements
Advertisements
प्रश्न
On the basis of following extract of account, choose the correct option:
| Dr. | FORFEITED SHARES ACCOUNT | Cr. | |
| Particulars | ₹ | Particulars | ₹ |
| To Share Capital A/c | 20,000 | By Share Capital A/c | 40,000 |
| To Capital Reserve A/c | 5,000 | ||
| To Balance c/d | 15,000 | ||
विकल्प
Shares are forfeited on which 40,000 was received.
Out of forfeited shares, part shares have been reissued.
On the reissued forfeited shares, discount allowed is ₹ 20,000 and ₹ 5,000 is the gain on reissued shares.
All the above.
MCQ
Advertisements
उत्तर
All the above.
Explanation:
Credit of ₹ 40,000 refers to the amount received and forfeited on forfeited shares.
A portion of the forfeited shares have been reissued if the account is debited ₹ 20,000 and the remaining amount is carried forward.
The gain (profit) on reissued forfeited shares is represented by the ₹ 5,000 sent to the Capital Reserve Account.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
