Accounting for ...

A company forfeited $$30$$ equity shares of $$Rs.10$$ each fully called up, for non-payment of allotment money of $$Rs. 4$$ each. If these shares are reissued at $$Rs. 7$$ per share fully paid, the amount transferable to Capital Reserve will be _______________.

Which one of the following statements regarding forfeiture of shares is not correct?

Which of the following is false?

A company has issued shares of $$Rs. 10$$ each at a premium of $$Rs. 2$$ each. The whole amount has been called up but shares were forfeited for non-payment of $$Rs. 4$$. On forfeiture share capital account will be debited by _____________.

For which of the following purposes share premium of the company can not be used in case the company issues share at premium?

On the above question, if Shyam had been allotted $$350$$ shares, how many shares he would have applied for?

Z Ltd. Forfeited $$20$$ shares of $$Rs. 10$$ each, on which $$Rs. 4$$ per share were paid. What is the minimum price of reissue of these shares are fully paid up?

The Authorised Capital ($$Rs. 10$$ per share) of a company is $$Rs. 5$$ lakhs, Issued Capital $$Rs. 3$$ lakhs and Subscribed Capital $$Rs. 2$$ lakhs. It has received $$Rs. 5$$ per share on application and allotment and $$Rs. 2$$ per share on first call except on $$2,500$$ shares, which have not been forfeited. Share Capital A/c is credited by _______________.

A company forfeited $$1,000$$ shares of $$Rs. 10$$ each (which were issued at par) held by Mr. John for non-payment of allotment money of $$Rs. 4$$ per share. The called-up value per share was $$Rs. 9$$. On forfeiture, the amount debited to share capital will be ________________.

X Ltd. forfeited $$30$$ shares of $$Rs. 10$$ each fully called-up for non-payment of allotment of $$Rs. 3$$ per share and call money of $$Rs. 4$$ per share. These shares are reissued for $$Rs. 8$$ per share fully paid. What is the amount to be transferred to Capital Reserve Account?