Question 1 :
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 _______________.

Question 2 :
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 ________________.

Question 3 :
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?

Question 4 :
The discount allowed on reissue of forfeited shares is debited to _________________.

Question 5 :
A Ltd. issued shares of $Rs. 10$ each at a discount of $10$%. Mr. B purchased $60$ shares and paid $Rs. 2$ on application but did not pay the allotment money of $Rs. 3$. If the company forfeited his entire shares, the forfeiture account will be credited by _____________.

Question 6 :
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?

Question 7 :
X Ltd. forfeited 10 shares of Rs 10 each issued at a discount of 10% to Y on which a second &amp; financial call of Rs 4 was not yet called and a first call of Rs 4 was not received. 8 of these shares were reissued as Rs 8 called up for Rs&#160;7.50 per share. On reissue, the Share Capital will be ____________.<span><br/></span>

Question 8 :
Which one of the following statements regarding forfeiture of shares is not correct?

Question 9 :
A company forfeited $100$ shares of $Rs. 10$ each owing to the default in the payment of share call money of $Rs. 5$ each. These shares were issued at $Rs. 10$ each, payable at $Rs. 2$ on application, $Rs. 5$ on allotment and the balance of $Rs. 5$ on call. The shares were then reissued to another shareholder at a price of $Rs. 7$ per share.<br/>The amount to be debited to forfeited shares account on account of discount on re-issue of shares would be ______________.

Question 10 :
Consider the following information pertaining to the issue of shares of a company. The company issued shares of $Rs. 10$ each at a premium of $Rs. 2$ payable as:<br/>On application $Rs. 3$; On allotment $Rs. 4$ (including premium); On first call $Rs. 3$; On second and final call $Rs. 2$.<br/>Mrs. A who holds $200$ shares failed to pay the first call money. The company has forfeited these shares after the first call. On forfeiture, the amount debited to share capital account is ______________.

Question 11 :
When shares are forfeited, the share capital account is debited with _______ and the Share Forfeited Account is credited with ________.

Question 12 :
X Co. forfeits $1000$ shares. If $Rs. 10$ each called up and only $Rs. 5$ paid on application. The amount to be forfeited is ___________.

Question 13 :
If the number of shares applied for is more than the number of shares issued the shares are said to be ____________.

Question 14 :
'A' Ltd acquires 'B' Ltd and agrees to issue 3 shares of Rs. 10 each, Rs. 9 paid up and the market value of Rs.15 per share for every 5 shares in 'B' Ltd. If B Ltd has 100000 shares of Rs.10 each, Rs.5 paid up and market value Rs 8 per shares therefore, the amount of purchase consideration is _______________.