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Read the following text. Based on the information given , you are required to answerY Ltd. invited applications tor issuing 15.000 equity shares of ₹ 10 each on which ₹6 per share were called up which were payable as follows:On application ₹ 2 per shale On allotment ₹1 per share On first call ₹ 3 per shareThe Issue was fully subscribed and the amount was received as follows:On 10,000 shares ₹ 6 per share On 3,000 shares ₹ 3 per share On 2,000 shares ₹ 2 per shareThe directors forfeited those shares on which less than ₹6 per share received. The forfeited shares were reissued at ₹9 per share as ₹6 per share paid up.1. Amount received on allotment is ---- (A) ₹12,000 (B) ₹10,000(C) ₹ 15000 (D)₹13,000 2. Amount Received on first call is ------ (A) ₹45,000 (B) ₹30,000 (C)₹39,000 (D) ₹36,000 3. Number of shares forfeited is ----- (A) 2000 (B) 3000 (C) 5000 (D) 10000 4. Amount credited to capital reserve on reissue of shares is ----- (A) ₹7,000 (B) ₹13,000 (C) ₹15,000 (D) ₹6,000 |
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Answer» Correct option is 1 (D)₹13,000 2 (C)₹39,000 3 (C) 5000 4 (B) ₹13,000 |
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