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 : Swapna Ltd. forfeited 100 shares of Rs.20 each, and application money of Rs.2 was paid. These 100 shares were reissued for Rs.18 per share. What amount will be transferred to Capital Reserve A/c?

Option 1: Nil

Option 2: Rs.180

Option 3: Rs.320

Option 4: None of these

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 : Alok Ltd. forfeited 300 Equity Shares of Rs. 10 each, fully called-up, held by Ram for non-payment of allotment money of Rs. 3 per equity share and first and final call money of Rs. 4 per equity share. Out of these, 250 shares were reissued to Shyam for a total payment of Rs. 2,000.  What is the amount to be transferred to the Capital Reserve Account?

Option 1: Rs. 300

Option 2: Rs. 250

Option 3: Rs. 150

Option 4: Rs. 400

Question : Alok Ltd. forfeited 300 Equity Shares of Rs. 10 each, fully called-up, held by Ram for non-payment of allotment money of Rs. 3 per equity share and first and final call money of Rs. 4 per equity share. Out of these, 250 shares were reissued to Shyam for a total payment of Rs. 2,000.  What is the amount to be transferred to the Capital Reserve Account?

Option 1: Rs. 300

Option 2: Rs. 250

Option 3: Rs. 150

Option 4: Rs. 400