Question : If a share of face value Rs.20 issued a premium of Rs.2 per share payable along with final call of Rs.6, on which Rs.14 paid up against is forfeited and is reissued, it can be reissued at least for:

Option 1: Rs.20

Option 2: Rs.14

Option 3: Rs.6

Option 4: Rs.24

Question : 500 shares of Rs.20 each on which first and final call of Rs.6 per share is not paid is forfeited. Out of these, 200 shares are reissued for Rs.14 per share fully paid up. The amount transferred to the capital reserve will be:

Option 1: Rs.2,000

Option 2: Rs.1,600

Option 3: Rs.1,000

Option 4: Rs.1,750

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

Question : Krishna Ltd. forfeited 2,000 shares of Rs. 20 each, fully called up, on which only application money of RS. 6 has been paid. Out of these 1,000 shares were reissued and Rs. 4,000 has been transferred to capital reserve. Calculate the rate at which these shares were reissued.

Option 1: Rs 20 per share

Option 2: Rs 18 per share

Option 3: Rs 22 per share

Option 4: Rs 8 per share

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:-  At the time of re-issue Securities Premium Account is credited by 

Option 1: Rs. 200

Option 2: Rs. 400

Option 3: Rs. 150

Option 4: None of these