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  • Question 1
    1 / -0

    X Ltd, forfeited 20 shares of Rs 10 each, Rs 7 called up on which Mahesh had paid application and allotment money of Rs 5 per share. Of these 15 shares were re-issued to Naresh as Rs 7 paid-up for Rs 8 per share. The profit on re-issue is ________.

  • Question 2
    1 / -0

    Eee Ltd. forfeited 200 shares of Rs 10 each (Rs 8 called up) on which the holder had paid application and allotment money of Rs 5 per share. Out of these 50 shares were re-issued to F as fully paid for Rs 8 per share. The profit on re-issue is ___________.

  • Question 3
    1 / -0

    1000 shares of Rs 10 each issued at par were forfeited for the non payment of the final call of Rs 2 per share. These shares were re-issued @ Rs 8 per share fully paid up. The profit on re-issue is _________.

  • Question 4
    1 / -0

    X limited forfeited 100 shares (Rs 6 called up) issued to Mahesh on which he had paid Rs 2 per share. Out of these 80 shares were reissued at Rs 6 per share to Suresh, Rs 8 paid up. The profit on re-issue is __________.

  • Question 5
    1 / -0

    Dee Ltd. forfeited 160 shares of Rs 10 each on which the holder has paid only the application money of Rs 2 per share. Out of these, 40 shares we re-issued to 'E' as fully paid for Rs 9 per share. The profit on re-issue is _______.

  • Question 6
    1 / -0

    AH Ltd. forfeited 500 shares of Rs 10 each on which first call of Rs 3 per share was not received, the second and final call of Rs 2 per share has not yet been called. Out of these 125 shares were re-issued to I as Rs 8 paid-up for Rs 7 per share. The profit on re-issue is _______.

  • Question 7
    1 / -0

    100 shares of Rs 100 each issued were forfeited for the non payment of allotment money of Rs 50 per share. The first and final call on these shares at Rs 20 per share were not made. The forfeited shares were re-issued for Rs 7,000 fully paid up. The profit on re-issue is-

  • Question 8
    1 / -0

    G Ltd. acquired assets worth Rs. $$75,000$$ from H Ltd. By issue of share of Rs. $$10$$ at a premium of Rs. $$5$$. The number of shares to be issued by G Ltd. to settle the purchase consideration _________.

  • Question 9
    1 / -0

    The Amount of capital that is mentioned in capital clause is known as _________.

  • Question 10
    1 / -0

    MIG Ltd, forfeited 10 shares of Rs 10 each (Rs 6 called up) issued to Mr. Y on which he had paid an application money of Rs 2 per share. Out of these, 8 shares were re-issued to Z as Rs 8 called up for Rs 9 per share. The profit on re-issue is _________.

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