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.

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?

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

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:

Match List I with List II List I | List II A. Share forfeiture | I. Reserve Capital B. Uncalled Capital | II. Pro-rata allotment C. Over-subscription | III. Capital Reserve D. Discount on issue of shares | IV. Reissue of shares Choose the correct answer from the option given belo…

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 tran…

Match List I with List II: List I | List II A. Excess of purchase consideration over the value of net assets | I. Issue of Debenture as collateral security B. Excess of net assets over purchase consideration | II. Goodwill C. Debenture Suspense Account | III. Issue of Debentures…

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…

On 1st April 2007, Sunrise Limited issued 5000, 8% debenture of ₹ 100 each at a discount of 5%. What will be the total amount of interest for the year ending 31st March 2008?