Madhu Ltd. forfeited 800 shares of ₹10 each issued at 10% premium to Shyam (₹9 called up) on which he did not pay ₹3 of allotment (including premium) and first call of ₹2. Out of these, 600 shares were re-issued to Ram as fully paid up for ₹ 9 per share. What is amount to be transferred to Capital Reserve Account?

The directors of Tivoli Plastics Ltd. resolved that 200 equity shares of ₹ 100 each be forfeited for non-payment of the second and final call of ₹ 30 per share. Out of these, 150 shares were reissued at ₹60 per share as fully paid-up. How much amount will be transferred to Capita…

Correct sequence of issue of shares is- (A) Receipt of Application (B) Issue of Prospectus (C) Letter of Allotment of shares (D) Letter of Regret Choose the correct answer from the option given below:

Y Ltd. forfeited 400 shares of ₹ 10 each, ₹7 called-up, for non-payment of first call of ₹ 2 per share. Out of these, 300 shares were reissued for ₹ 6 per share as ₹7 paid-up. What is amount to be transferred to Capital Reserve?

400 shares of ₹10, on which ₹ 8 has been called and ₹5 has been paid, are forfeited. Out of these, 300 shares are reissued for ₹ 9 as fully paid. What is the amount to be transferred to Capital Reserve?

Blue Prints Ltd. purchased a building worth ₹1,50,000, Machine worth ₹1,40,000 and Furniture worth ₹ 10,000 from XYZ Co. and took over its liabilities of ₹ 20,000 for a purchase consideration of ₹ 3,15,000. Calculate the Goodwill/Capital Reserve to be recorded by Blue Prints Ltd.

The directors of a company forfeited 400 equity shares of ₹ 10 each fully called up on which ₹ 1600 has been paid. All the forfeited shares were reissued upon payment of ₹ 3,000. Calculate the amount transferred to capital reserve.

The Journal Entry to acquire an asset from vendor will be:

Balance of Forfeited Shares Account after reissue of forfeited shares is transferred to: