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:
Option 1: Rs.60 per share
Option 2: Rs.100 per share
Option 3: Rs.75 per share
Option 4: None of these
Correct Answer: Rs.75 per share
Solution : Share Capital A/c will be credited with the amount of called up Rs.75 per share. Hence, the correct option is 3.
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 : 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
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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