Accounting for ...

Jindal Ltd. forfeited 400 equity shares of Rs. 10 each, issued at par held by Mr. X for non-payment of first call of Rs. 2 per share and the final call of Rs. 3 per share. Out of these, 150 shares were reissued to Mr. Y at Rs. 8 per share and the rest of these were re-issued to Mr. Z at Rs. 7 per share. On reissue, amount to be transferred to Capital Reserve Account will be ______.

A company has subscribed capital of 2,00,000 equity shares of Rs. 25 each, Rs. 20 per share called up. The directors forfeited 200 equity shares held by a shareholder who failed to pay the first call made @ Rs. 10 per share. Later, the directors reissued these shares as Rs. 20 per share paid up at Rs. 15 per share. On reissue, amount to be transferred to Capital Reserve Account will be _____.

Z Ltd. issued 10,000 shares of Rs. 10 each. The called up value per share was Rs. 8. The company bought 200 shares of Mr. A for non-payment of 1st call money of Rs. 2 per share. He paid Rs. 6 for application and allotment money. On forfeiture, the share capital account will be _____.

A preference share is one which enjoys a _______.

Due to non -payment of first call of Rs. 3 per share, Mona Ltd. forfeited 100 shares of Rs. 10 each, which were issued at par, Rs. 8 per share were called up till date. Of these forfeited shares, 80 shares were issued subsequently by Mona Ltd. at Rs. 5 as Rs. 8 paid-up per share. On reissue, amount to be transferred to Capital Reserve Account will be ______.

On 1.1.2015, X Ltd. makes an issue of 1,00,000 equity shares of Rs. 100 each payable as follows:

	Rs.
Application	20
Allotment	30 (3 months after allotment)
Final Call	50

Applications were received for 1, 20,000 shares and the directors refunded the excess application money. One shareholder, who was allotted 2,000, shares paid first and final call with allotment money and another shareholder did not pay allotment money on his 3,000 shares but which he paid with first and final call. Directors have decided to charge and allow interest, according to the Table F of Schedule I to the Companies Act, 2013. The amount of interest on calls-in-advance _______.

X Ltd. made a final call on equity shares @ Rs. 20 each. Face value of shares is Rs. 100. One shareholder holding 300 shares paid the final call after 2.5 months after it had become due. The company had adopted Table F of Schedule I to the Companies Act, 2013, the amount of interest on Calls-in-Arrear will be ______.

Sukriti Ltd. forfeited 100 shares of Rs. 10 each, for non-payment of final call of Rs 2. Of these, 60 shares were reissued @ Rs. 9 per share as fully paid. On reissue, amount to be transferred to Capital Reserve Account will be _____.

X Ltd. made a final call on equity shares @ Rs. 20 each. Face value of shares is Rs. 100. One shareholder holding 500 shares had paid the final call before 4 months it had become due. The company had adopted Table F of Schedule I to the Companies Act, 2013, the amount of interest on Calls-in-Advance will be ____.

__________ is a separate legal structure where total capital can be divided in many shares.