Question : A Ltd. forfeited 600 Equity Shares of Rs. 10 each issued at a premium of 20% to Ram who had applied for 720 Equity Shares, for non-payment of allotment money of Rs. 5 per equity share 

(including premium) and the first and final call of Rs. 5 per equity share. Out of these, 200 Equity Shares were reissued to Shyam credited as fully paid for  Rs. 9 per equity share. As per the terms of the issue, the company was to retain the excess application money to adjust against calls.

 The amount that will be transferred to the capital reserve will be:

Option 1: Rs. 200

Option 2: Rs. 480

Option 3: Rs. 280

Option 4: Rs. 1,440

Question :

ABC Ltd. forfeited 150 Equity Shares of Rs. 10 each issued at a premium of Rs. 5 per share, for non-payment of allotment money of Rs. 8 per share (including premium of Rs. 5 per share), the first call of Rs. 2 per share and the final call of Rs. 3 per share. Out of these, 100 Equity Shares were reissued at Rs. 14 per share.

Question:-  What is the amount transferred to the Capital Reserve Account?

Option 1: Rs. 300

Option 2: Rs. 200

Option 3: Rs. 700

Option 4:  Nil

Question :

ABC Ltd. forfeited 150 Equity Shares of Rs. 10 each issued at a premium of Rs. 5 per share, for non-payment of allotment money of Rs. 8 per share (including premium of Rs. 5 per share), the first call of Rs. 2 per share and the final call of Rs. 3 per share. Out of these, 100 Equity Shares were reissued at Rs. 14 per share.

Question:-  What is the amount transferred to the Capital Reserve Account?

Option 1: Rs. 300

Option 2: Rs. 200

Option 3: Rs. 700

Option 4:  Nil

Question : ABC Ltd. forfeited 150 Equity Shares of Rs. 10 each issued at a premium of Rs. 5 per share, for non-payment of allotment money of Rs. 8 per share (including premium of Rs. 5 per share), the first call of Rs. 2 per share and the final call of Rs. 3 per share. Out of these, 100 Equity Shares were reissued at Rs. 14 per share.

Question:-  Share Forfeiture Account will be credited by _________.

Option 1: Rs. 300

Option 2: Rs. 120

Option 3: Rs. 350

Option 4: Rs. 450

Question : ABC Ltd. forfeited 150 Equity Shares of Rs. 10 each issued at a premium of Rs. 5 per share, for non-payment of allotment money of Rs. 8 per share (including premium of Rs. 5 per share), the first call of Rs. 2 per share and the final call of Rs. 3 per share. Out of these, 100 Equity Shares were reissued at Rs. 14 per share.

Question:-  Share Forfeiture Account will be credited by _________.

Option 1: Rs. 300

Option 2: Rs. 120

Option 3: Rs. 350

Option 4: Rs. 450