Question : Somya Ltd. forfeited 10,000 equity shares of Rs.100 each issued at a premium of 20% for non-payment of final call of Rs.40 per share. What is the minimum amount of shares these shares can be reissued.

Option 1: Rs.4,00,000

Option 2: Rs.2,40,000

Option 3: Rs.6,00,000

Option 4: Rs.10,00,000

Question : Pragya Ltd. forfeited 8,000 equity shares of Rs. 100 each issued at a premium of 10% for non-payment of first and final call of Rs. 30 per share. The maximum amount of discount at which these shares can be reissued will be:  

Option 1: Rs. 3,20,000

Option 2: Rs. 5,60,000

Option 3: Rs. 2,40,000

Option 4: Rs. 1,10,000

Question : Sharma Ltd. forfeited 10,000 equity shares of 100 each for non-payment of the final call of 30 per share. what is the maximum discount that can be allowed at the time of re-issue of forfeited shares?

Option 1: Rs.7,00,000

Option 2: Rs.10,00,000

Option 3: Rs.12,00,000

Option 4: Rs.70,000

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