Question : Black Penther Company had issued 25,000 equity shares of Rs.10 each and had called up Rs.8 but received Rs.5 per share, equity share capital account will be debited by
Option 1: Rs.10 per share
Option 2: Rs.8 per share
Option 3: Rs.7 per share
Option 4: Re.1 per share
Correct Answer: Rs.8 per share
Solution : The amount that is called up will be debited to Equity Share Capital with Rs.8 per share. Hence, the correct option is 2.
Question : Mehak Limited Company issued equity shares of Rs.100 each. It has called up Rs.75 on each share but received only Rs.60 per share. The share capital account will be credited with:
Question : Ajmer Limited Company issued equity shares of Rs.200 each. It has called up Rs.65 on each share but received only Rs.60 per share. The share capital account will be credited with:
Question : A company forfeited 700 shares of Rs. 10 each, on which only Rs. 5 per share was paid. Of these 200 shares were re-issued at Rs. 9 per share. Amount from share forfeiture account to capital reserve will be transferred-
Question : On 1st April, 2012, Vishwas Ltd. was formed with an authorised capital of Rs. 10,00,000 divided into 1,00,000 equity shares of Rs. 10 each. The company issued prospectus inviting applications for 90,000 equity shares. The company received applications for 85,000
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