Advertisements
Advertisements
प्रश्न
Gati Ltd. forfeited 1,200 shares of ₹100 each, issued at a premium of 30% to Dinesh on which he had paid application money of ₹50 per share and allotment money of ₹50 per share (including premium), for non-payment of first call of ₹10 per share. Out of these, certain shares were re-issued as fully paid for ₹90 per share and ₹30,000 were transferred to Capital Reserve. How many shares were reissued?
पर्याय
333
300
428
500
MCQ
Advertisements
उत्तर
500
Explanation:
| Amount received on Application & Allotment (excluding premium) | ₹70 per share |
| Less: Loss (Discount) on re-issue | ₹10 per share |
| Gain on re-issued shares transferred to Capital Reserve | ₹60 per share |
| Total amount transferred to Capital Reserve | ₹30,000 |
No. of shares re-issued = `30000/6`
= 500 shares
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
