Question 1 :
The directors of a company resolve to forfeit $1000$ Equity Shares of $Rs. 10$ each, $Rs. 7.50$ paid up. $700$ of these shares were reissued at $Rs. 7.00$ per share. The amount to be transferred to Capital Reserve would be ______________.
Question 2 :
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 4 :
When shares are issued to promoters for their services, the account that will be debited is ______________.
Question 6 :
Which one of the following statements regarding forfeiture of shares is not correct?
Question 7 :
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 8 :
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 9 :
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 10 :
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 _____________.