X Ltd. issued a prospectus inviting applications for 5,00,000 shares of ₹10 each at a premium of 14 per share, payable as follows: On Application ₹8 (including ₹5 premium) On Allotment ₹7 (including ₹4 premium) On First Call ₹5 (including ₹3 premium) On Second & Final Call Balance Amount A shareholder holding 800 shares failed to pay the allotment money and his shares were forfeited after allotment. Which of the following is not a Capital profit:

X Ltd. issued a prospectus inviting applications for 5,00,000 shares of ₹10 each at a premium of 14 per share, payable as follows: Which of the following is not a Capital profit: - Accounts

X Ltd. issued a prospectus inviting applications for 5,00,000 shares of ₹10 each at a premium of 14 per share, payable as follows:

A shareholder holding 800 shares failed to pay the allotment money and his shares were forfeited after allotment.

Which of the following is not a Capital profit:

MCQ

Profit earned by a Company after its incorporation

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Chapter 6: Company Accounts - Issue of Shares - CASE BASED MCQs - 3 [Page 6.94]

Chapter 6 Company Accounts - Issue of Shares
CASE BASED MCQs - 3 | Q (d) | Page 6.94