Question : X applied for 2,000 shares of Rs. 10 each at a premium of Rs. 2.50 per share. He was allotted 1,000 shares. After having paid Rs. 3 per share on application, he did not pay the allotment money of Rs. 4.50 per share (including premium) and on his subsequent failure to pay the first call of Rs. 2 per share, his shares were forfeited. These shares were reissued @ Rs. 8 per share credited as fully paid-up.

The amount that will be transferred to capital reserve will be ______. Securities premium Reserve is debited by ______.

Option 1: Capital Reserve Rs. 3000, securities premium by Rs. 2500

Option 2: Capital reserve Rs. 3000, securities premium Rs. 1500

Option 3: Capital reserve Rs. Nil, securities premium by Rs. 1500

Option 4: None of the above 

Question : X applied for 2,000 shares of Rs. 10 each at a premium of Rs. 2.50 per share. He was allotted 1,000 shares. After having paid Rs. 3 per share on application, he did not pay the allotment money of Rs. 4.50 per share (including premium) and on his subsequent failure to pay the first call of Rs. 2 per share, his shares were forfeited. These shares were reissued @ Rs. 8 per share credited as fully paid-up.

The amount that will be transferred to capital reserve will be ______. Securities premium Reserve is debited by ______.

Option 1: Capital Reserve Rs. 3000, securities premium by Rs. 2500

Option 2: Capital reserve Rs. 3000, securities premium Rs. 1500

Option 3: Capital reserve Rs. Nil, securities premium by Rs. 1500

Option 4: None of the above 

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 : Sudha Ltd. forfeited 800 shares of Rs. 10 each issued at 10% premium to Shayam (Rs. 9 called up) on which he did not pay Rs. 3 of allotment (including premium) and first call of Rs. 2. Out of these, 600 shares were re-issued to Ram as fully paid for Rs. 9 per share. What is the amount to be transferred to the capital reserve?

Option 1: Rs. 2,400

Option 2: Rs. 1,800

Option 3: Rs. 3,000

Option 4: Rs. 3,600

Question : Sudha Ltd. forfeited 800 shares of Rs. 10 each issued at 10% premium to Shayam (Rs. 9 called up) on which he did not pay Rs. 3 of allotment (including premium) and first call of Rs. 2. Out of these, 600 shares were re-issued to Ram as fully paid for Rs. 9 per share. What is the amount to be transferred to the capital reserve?

Option 1: Rs. 2,400

Option 2: Rs. 1,800

Option 3: Rs. 3,000

Option 4: Rs. 3,600