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प्रश्न
Shiva Ltd. forfeited 4,000 shares of ₹10 each, ₹7 called up, issued at a premium of 20% (to be paid at the time of allotment) for non-payment of first call of ₹2 per share. Out of these, 3,000 shares were re-issued as ₹7 paid up for ₹5 per share.
Amount transferred to Capital Reserve Account will be:
पर्याय
₹15,000
Nil
₹9,000
₹18,000
MCQ
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उत्तर
₹9,000
Explanation:
Out of ₹7 Called up, First Call of ₹2 has not been paid. Hence amount paid (forfeited) is ₹5 per share.
| ₹ | |
| Forfeited amount on 4,000 shares is ₹5 per share As such, Forfeited amount on 3,000 reissued shares @ ₹5 | 15,000 |
| Less: Loss on Reissue: 3,000 × ₹2 | (6,000) |
| Transferred to Capital Reserve | 9,000 |
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