Question : KBC Ltd. forfeited 2,000 shares of Rs. 10 each (which were issued at par) held by  Naresh for non–payment of allotment money of Rs. 4 per share. The called-up value per share was Rs. 9. On forfeiture, the  amount debited to shares capital will be: 

 

Option 1: Rs. 10,000

Option 2: Rs. 8,000

Option 3: Rs. 2,000

Option 4: Rs. 18,000

Question : KBC Ltd. forfeited 2,000 shares of Rs. 10 each (which were issued at par) held by  Naresh for non–payment of allotment money of Rs. 4 per share. The called-up value per share was Rs. 9. On forfeiture, the  amount debited to shares capital will

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

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

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

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