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 : 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 : 6000 shares of Rs. 100 each forfeited due to nonpayment of allotment of Rs. 40 per share and first & final call of Rs. 30 per share. Out of the forfeited shares, 4500 shares were reissued at Rs. 80 per share fully paid. Which of the following amount of share forfeiture account will be transferred to Capital Reserve Account?

Option 1: Rs 1,80,000

Option 2: Rs 45,000

Option 3: Rs 6,60,000

Option 4: Rs 2,70,000

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