1.

Y 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 shaleOn allotment ₹1 per shareOn 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)₹13,0002. Amount Received on first call is ------ (A) ₹45,000 (B) ₹30,000 (C)₹39,000 (D) ₹36,0003. Number of shares forfeited is ----- (A) 2000 (B) 3000 (C) 5000 (D) 100004. Amount credited to capital reserve on reissue of shares is ----- (A) ₹7,000 (B) ₹13,000 (C) ₹15,000 (D) ₹6,000

Answer»

1. (D)₹13,000

2. (C)₹39,000

3. (C) 5000

4. (B) ₹13,000



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