Question : A company forfeited 700 shares of Rs. 10 each, on which only Rs. 5 per share was paid. Of these 200 shares were re-issued at Rs. 9 per share. Amount from share forfeiture account to capital reserve will be transferred-

Option 1: Rs. 800

Option 2: Rs. 200

Option 3: Rs. 3,500

Option 4: Rs. 2,500

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

Question : Vibhuti Ltd. Forfeited 40 shares of Rs. 10 each, Rs. 8 called up, on which Jhanvi had paid application and allotment money of Rs. 5 per share, 15 shares were reissued to Parker as fully paid up for Rs. 6 per share.

What is the balance in the share Forfeiture Account after the relevant amount has been transferred to Capital Reserve Account?

Option 1: Rs 0

Option 2: Rs 5

Option 3: Rs 25

Option 4: Rs 125

Question : A company forfeited 1,000 shares of Rs. 10 each fully called, on which Rs. 6,000 has been paid. Out of these, 800 shares were re-issued upon payment of Rs. 6,600. What is the amount to be transferred to the capital reserve?

Option 1: Rs. 4,800

Option 2: Rs. 6,000

Option 3: Rs. 4,600

Option 4: Rs. 3,400

Question : A company forfeited 1,000 shares of Rs. 10 each fully called, on which Rs. 6,000 has been paid. Out of these, 800 shares were re-issued upon payment of Rs. 6,600. What is the amount to be transferred to the capital reserve?

Option 1: Rs. 4,800

Option 2: Rs. 6,000

Option 3: Rs. 4,600

Option 4: Rs. 3,400