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प्रश्न
X Ltd. forfeited 1,000 shares of ₹10 each, issued at 30% premium (to be paid at the time of allotment) for non-payment of first call of ₹2 per share. The second and final call of ₹3 has not yet been called. Out of these, 600 shares were re-issued as ₹7 paid up for ₹7 per share.
Amount transferred to Capital Reserve Account will be:
पर्याय
₹1,200
₹5,000
₹4,800
₹3,000
MCQ
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उत्तर
₹3,000
Explanation:
| ₹ | |
| Amount Called up (₹10 less Final Call ₹3) | 7 |
| Less: Amount not paid on First Call | 2 |
| Amount paid (or forfeited) | 5 per share |
| ₹ | |
| Forfeited amount on 1,000 shares is ₹5 per share As such forfeited amount on 600 reissued shares @ ₹5 | 3,000 |
| Less: Loss on Reissue | (Nil) |
| Transferred to Capital Reserve A/c | 3,000 |
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