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  • Question 1
    1 / -0

    KMHD Ltd. forfeited 200 shares of Rs 100 each issued on which Rs 50 per share has been called and Rs 6,000 has been paid. The company then re-issued the above mentioned shares to Mr. Singh upon payment of Rs 18,000 credited as fully paid. The profit on re-issue is _________.

  • Question 2
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    M Ltd. forfeited 10 shares of Rs 10 each (Rs 6 called up) issued to Y on which he had paid an application money of Rs 2 per share. If 8 of these shares were re-issued as Rs 8 called up for Rs 7.50 per share, the profit on re-issue is-

  • Question 3
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    L Ltd. forfeited 10 shares of Rs 10 each (Rs 6 called up) issued at a discount of 10% to Y on which he had paid an application money of Rs 2 per share. If 8 of these shares were re-issued as Rs 8 called up for Rs 8 per share, the profit on re-issue is-

  • Question 4
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    National Heavy Chemicals Ltd. issued 5,000 shares of Rs 10 each at a premium of Rs 2 per share for public subscription, payable as Rs 5 on Application and Rs 7 on allotment (including premium). Rajesh who was allotted 200 shares by the Company failed to pay the allotment amount and his shares were forfeited by the Company. 100 out of these forfeited shares were allotted to Brijesh as fully paid up for Rs 8 per share. The profit on re-issue is ____________.

  • Question 5
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    J Ltd. forfeited 50 shares of Rs 100 each issued at 10% premium (to be paid at the time of allotment) on which first call of Rs 30 per share was not received, the second & final call of Rs 20 per share was not yet called. If 20 of these shares were re-issued at Rs 50 per share as fully paid-up, the Profit on re-issue is-

  • Question 6
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    Q Ltd. forfeited 10 shares of Rs 10 each (Rs 6 called up) issued at a discount of 10% to Y on which he had paid an application money of Rs 2 per share. If 8 of these shares were re-issued as fully paid-up Rs 7 per share, the Profit on re-issue is-

  • Question 7
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    A limited company forfeited 300 shares of Mr. X who had applied for 500 shares on account of non-payment of allotment money Rs 3 + 2 (premium) and first call Rs 2. Only Rs 3 per share was received with application. Out of these 200 shares were re-issued to Mr. Y as fully paid shares for Rs 8 per share. The profit on re-issue is __________.

  • Question 8
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    Mother Ltd. forfeited 100 equity shares of Rs 10 each issued for nonpayment of first call of Rs 2 per share and the final call of Rs 3 per share on 31st March. 50 forfeited shares were re-issued as fully paid for Rs 8 per share and balance of the shares were re-issued on 30th June at Rs 7 per share. The profit on re-issue is ________.

  • Question 9
    1 / -0

    50 shares of Rs 10 each issued at a premium of Rs 5 each payable with allotment were forfeited for the non payment of allotment money of Rs 9 per share including premium. The first and final call on these shares at Rs 3 per share were not made. The forfeited shares were re-issued @ Rs 12 per share fully paid up. The profit on re-issue is-

  • Question 10
    1 / -0

    Y Ltd, forfeited 100 shares of Rs 100 each issued at 20% premium (to be paid at the time of allotment) for non-payment of a first call of Rs 30 per share and a second & final call of Rs 20 per share. Out of these 40 shares were re-issued as fully paid-up for Rs 90 per share. The profit on re-issue is _________.

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