1.
The amount of discount on reissue of forfeited shares cannot exceed :
1 out of 10
2.
P Ltd. forfeited 150 shares of ₹10 each, issued at a premium of ₹2, for non-payment of the final call of ₹3. Out of these, 100 shares were re-issued at ₹11 per share. How much amount would be transferred to capital reserve?
2 out of 10
3.
XY Limited issued 2,50,000 equity shares of ₹10 each at a premium of ₹10 each payable as ₹2.5 on application, ₹4 on allotment and balance on the first and final call. Applications were received for 5,00,000 equity shares but the company allotted to them only 2,50,000 shares. Excess money was applied towards amount due on allotment. Last call on 500 shares was not received and shares were forfeited after due notice. This is a case of:
3 out of 10
4.
Amount of Calls in Arrears is shown in the Balance Sheet
4 out of 10
5.
E Limited had allotted 10,000 shares to the applicants of 14,000 shares on pro-rata basis. The amount payable on application was Rs. 2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F will be:
5 out of 10
6.
Calculate the amount of second & final call when Abhijit Ltd, issues Equity shares of ₹10 each at a premium of 40% payable on Application ₹3, On Allotment ₹5, On First Call ₹2.
6 out of 10
7.
Ambrish Ltd offered 2,00,000 Equity Shares of ₹10 each, of these 1,98,000 shares were subscribed. The amount was payable as ₹3 on application, ₹4 an allotment and balance on first call. If a shareholder holding 3,000 shares has defaulted on first call, what is the amount of money received on first call?
7 out of 10
8.
In which of the following situation Companies Act 2013 allows for issue of shares at discount?
8 out of 10
9.
Newfound Ltd took over business of Old land ltd and paid for it by issue of 30,000, Equity Shares of ₹100 each at a par along with 6% Preference Shares of ₹1,00,00,000 at a premium of 5% and a cheque of ₹8,00,000. What was the total agreed purchase consideration payable to Old Land ltd.
9 out of 10
10.
Krishan Ltd has Issued Capital of 20, 00,000 Equity shares of ₹10 each. Till Date ₹8 per share have been called up and the entire amount received except calls of ₹4 per share on 800 shares and ₹3 per share from another holder who held 500 shares. What will be amount appearing as ‘Subscribed but not fully paid capital’ in the balance sheet of the company?
10 out of 10
