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प्रश्न
Yuvraj Sports Ltd. forfeited 5,000 Equity Shares of ₹10 each issued at a premium of ₹5 per share for non-payment of allotment money of ₹7 per share (including premium ₹3 per share) and the first and final call of ₹5 per share (including premium ₹3). Out of these, 2,000 Equity Shares were subsequently re-issued at a premium of ₹5 per share.
Amount Credited to Capital Reserve will be:
पर्याय
₹16,000
Nil
₹26,000
₹6,000
MCQ
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उत्तर
₹6,000
Explanation:
| ₹ | ₹ | |
| Face Value of the share (fully Called-up) | 10 | |
| Less: Not paid on allotment (excluding premium) | 4 | 7 |
| Not paid on first and final call (excluding premium) | 3 | |
| Hence, amount paid (forfeited) on 5,000 shares | 3 per share |
| ₹ | |
| Amount paid (forfeited) on 2,000 reissued shares @ ₹3 each | 6,000 |
| Less: Loss on Reissue | Nil |
| Transferred to Capital Reserve | 6,000 |
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