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प्रश्न
Super Star Ltd. issued 10,000 equity shares of ₹ 100 each at a premium of 20%. Mamta, who has been allotted 2,000 shares did not pay first and final call of ₹ 5 per share. On forfeiture of Mamta's shares, amount debited to Securities Premium Account will be
पर्याय
₹ 5,000.
₹ 10,000.
₹ 15,000.
NIL.
MCQ
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उत्तर
NIL.
Short Explanation:
Securities Premium A/c is debited on forfeiture only when the premium has not been received. Mamta failed to pay only the first and final call of ₹ 5 per share. Therefore, Securities Premium A/c will not be debited.
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