Question 1 :
D Ltd. forfeited $200$ shares of $Rs. 10$ each, $Rs. 7$ called up on which Ram had paid only application money $Rs. 3$ per share. Of these, $125$ shares was reissued to Shyam for $Rs. 9$ per share fully paid. What will be balance in the Share Forfeited A/c after reissue of $125$ shares?

Question 2 :
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 3 :
When shares are issued to promoters for their services, the account that will be debited is ______________.

Question 4 :
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 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 :
Use the following information for questions given ahead:<br/>B Ltd. was registered with a share capital of $Rs. 2,00,00,000$ divided into equity shares of $Rs. 10$ each. It issued $Rs. 1,80,00,000$ equity shares to the general public at par payable as to $Rs. 3$ on application, $Rs. 3$ on allotment and balance in $2$ equal calls. The public had subscribed for $17,00,000$ shares. Till $31st$ March, $2006$, only first call had been made. All the shareholders had paid up except Mr. C, a holder of $50,000$ shares, who did not pay the call money.<br/>B Ltd.'s Called-up Capital will be _______________.

Question 8 :
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 10 :
Which one of the following statements regarding forfeiture of shares is not correct?

Question 11 :
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 12 :
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 14 :
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 15 :
<span>Z Ltd. issued 10,000&#160;shares of Rs. 10 each. The called up value per share was Rs. 8. The company bought 200&#160;shares of Mr. A for non-payment of 1st call money of Rs. 2 per&#160;share. He paid Rs. 6 for application and allotment money. On forfeiture, the&#160;share capital account will be _____.</span>

Question 16 :
<span>T Ltd. forfeited 500&#160;equity shares of Rs. 10 fully called-up, held by Mr. Ram for non-payment of&#160;first call of Rs. 5 and final of Rs. 3 each. However, he paid application money&#160;@ Rs. 2 per share. These shares were reissued at Rs. 10 each. On reissue, amount&#160;to be transferred to Capital Reserve Account will be _____.</span>

Question 17 :
Any balance in the share forfeiture account after all the forfeited share are re-issued should be:

Question 19 :
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&nbsp;2 per share. If 8 of these shares were re-issued as fully paid-up Rs&nbsp;7 per share, the Profit on re-issue is-

Question 20 :
Vikas was holding 30 shares of Rs. 10.00 each issued at $10\%$ discount. He paid Rs. 2.00 per share on application but could not pay the allotment money of Rs. 3.00 per share and his shares were forfeited. The journal entry to record forfeiture is :

Question 22 :
When the incoming partner bring his share of goodwill in cash, which of these methods of revaluation of goodwill is appropriate?