This topic contains 0 replies, has 0 voices, and was last updated by  EduGorilla 1 year, 10 months ago.

  • Author
    Posts
  • #618313 Reply
     EduGorilla 
    Keymaster
    Select Question Language :


    A Ltd. makes an issue of 10,000 equity shares of Rs. 100 each payable as follows:

    On application and allotment Rs. 50
    On first call Rs. 25
    On second and final call Rs. 25

    Members holding 400 shares did not pay the second call and the shares are duly forfeited, 300 of which are reissued on fully paid at Rs. 80 per share. Then the amount transferred to capital reserve will be

    Options :-

    1. Rs. 16,500
    2. Rs. 16,000
    3. Rs. 15,000
    4. None of these
    Post your Training /Course Enquiry
    Are You looking institutes / coaching center for
    • IIT-JEE, NEET, CAT
    • Bank PO, SSC, Railways
    • Study Abroad
    Select your Training / Study category
Reply To: A Ltd. makes an issue of 10,000 equity shares of Rs. 100 each payable as follows: ….
Your information:




GET UPTO 50%    OFF!
Verify Yourself




Log in with your credentials

or    

Forgot your details?

Create Account