Question : If a share of Rs.100 on which Rs.60 has been paid, is forfeited, it can be reissued at a minimum price of:

Option 1: Rs.60

Option 2: Rs.140

Option 3: Rs.100

Option 4: Rs.40

Question : If the share of Rs. 100 on which Rs. 60 has been paid, it can be re-issued at the minimum price of:

Option 1: Rs. 60

Option 2: Rs. 100

Option 3: Rs. 40

Option 4: Rs. 140

Question : Krishna Ltd. forfeited 2,000 shares of Rs. 20 each, fully called up, on which only application money of RS. 6 has been paid. Out of these 1,000 shares were reissued and Rs. 4,000 has been transferred to capital reserve. Calculate the rate at which these shares were reissued.

Option 1: Rs 20 per share

Option 2: Rs 18 per share

Option 3: Rs 22 per share

Option 4: Rs 8 per share

Question : If a share of Rs.20 issued at a premium of Rs.2 on which the total amount of issue price has been called and Rs.18 (including premium) paid is forfeited, Share Capital Account will be debited by:

Option 1: Rs.22

Option 2: Rs.20

Option 3: Rs.18

Option 4: Rs.16

Question : If a share of face value Rs.20 issued a premium of Rs.2 per share payable along with final call of Rs.6, on which Rs.14 paid up against is forfeited and is reissued, it can be reissued at least for:

Option 1: Rs.20

Option 2: Rs.14

Option 3: Rs.6

Option 4: Rs.24

Question : 6000 shares of Rs. 100 each forfeited due to nonpayment of allotment of Rs. 40 per share and first & final call of Rs. 30 per share. Out of the forfeited shares, 4500 shares were reissued at Rs. 80 per share fully paid. Which of the following amount of share forfeiture account will be transferred to Capital Reserve Account?

Option 1: Rs 1,80,000

Option 2: Rs 45,000

Option 3: Rs 6,60,000

Option 4: Rs 2,70,000