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 : Prarthna Ltd. forfeited 300 shares of Rs.10 each, issued at a premium of Rs.2 for non-payment of the final call of Rs.3. Out of these, 200 shares were reissued at Rs.11 per share. How much amount would be transferred to the capital reserve?

Option 1: Rs.1,400

Option 2: Rs.2,400

Option 3: Rs.1,000

Option 4: Rs.600

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

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