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प्रश्न
Dell Ltd. forfeited 2,000 Equity Shares of ₹ 50 each issued at 10% premium on which allotment money of ₹ 15 per equity share (including premium) and first call of ₹ 15 per share were not received, the second and final call of ₹ 10 per equity share was not yet called.
Calculate 'Discount Allowed or Premium Received' and 'Amount transferred to Capital Reserve' on reissue of shares as fully paid-up in each of the following cases:
Case 1. If 200 of these shares were reissued as ₹ 40 paid-up for ₹ 45 per share.
Case 2. If 200 of these shares were reissued as ₹ 40 paid-up for ₹ 40 per share.
Case 3. If 200 of these shares were reissued as ₹ 40 paid-up for ₹ 35 per share.
Case 4. If 200 of these shares were reissued as ₹ 40 paid-up for ₹ 25 per share.
Case 5. If 200 of these shares were reissued at ₹ 35 per share as fully paid-up.
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उत्तर
Face value per share: ₹ 50
Premium: 10% of ₹ 50 = ₹ 5 per share
Second and Final Call of ₹ 10 per share was not yet called.
Therefore, called-up Share Capital per share:
₹ 50 − ₹ 10 = ₹ 40
Allotment = ₹ 15 including premium ₹ 5, so capital portion of allotment:
₹ 15 − ₹ 5 = ₹ 10
First Call unpaid = ₹ 15
Hence, amount received towards capital per share:
₹ 40 − ₹ 10 − ₹ 15 = ₹ 15
For 200 shares reissued, proportionate amount in Forfeited Shares A/c:
200 × ₹ 15 = ₹ 3,000
Case 1: 200 shares reissued as ₹ 40 paid-up for ₹ 45 per share
Premium per share:
₹ 45 − ₹ 40 = ₹ 5
Premium received:
200 × ₹ 5 = ₹ 1,000
Since there is no discount on reissue:
Capital Reserve = ₹ 3,000
Premium Received = ₹ 1,000; Capital Reserve = ₹ 3,000
Case 2: 200 shares reissued as ₹ 40 paid-up for ₹ 40 per share
₹ 40 − ₹ 40 = Nil
There is neither discount nor premium.
Capital Reserve = ₹ 3,000
Discount or Premium = Nil; Capital Reserve = ₹ 3,000
Case 3: 200 shares reissued as ₹ 40 paid-up for ₹ 35 per share
Discount per share:
₹ 40 − ₹ 35 = ₹ 5
Total discount:
200 × ₹ 5 = ₹ 1,000
Capital Reserve:
₹ 3,000 − ₹ 1,000 = ₹ 2,000
Discount Allowed = ₹ 1,000; Capital Reserve = ₹ 2,000
Case 4: 200 shares reissued as ₹ 40 paid-up for ₹ 25 per share
Discount per share:
₹ 40 − ₹ 25 = ₹ 15
Total discount:
200 × ₹ 15 = ₹ 3,000
Capital Reserve:
₹ 3,000 − ₹ 3,000 = Nil
Discount Allowed = ₹ 3,000; Capital Reserve = Nil
Case 5: 200 shares reissued at ₹ 35 per share as fully paid-up
Since the shares are fully paid-up, Share Capital is credited with ₹ 50 per share.
Discount per share:
₹ 50 − ₹ 35 = ₹ 15
Total discount:
200 × ₹ 15 = ₹ 3,000
Capital Reserve:
₹ 3,000 − ₹ 3,000 = Nil
Discount Allowed = ₹ 3,000; Capital Reserve = Nil.
