Question 1 :
The balance in capital reduction a/c after writing off all accumulated loss, fictitious assets and overvalued assets are transferred to _______.

Question 2 :
A company has issued $15,000$ shares of $Rs. 10$ each. The amount has been demanded as under:<br>On Application - $Rs. 3$ On Allotment - $Re. 1$<br>On $1st$ Call - $Rs. 4$ On $2nd$ and Final Call - $Rs. 2$<br>A shareholder holding $500$ shares did not pay $1st$ and $2nd$ call money. His shares have been forfeited. These shares have been reissued @ $Rs. 9$. The amount transferred to Capital Reserve is

Question 3 :
When shares are issued at discount, the amount of discount is debited to _______, which is in the nature of capital loss for the company.

Question 4 :
Journalise the given transaction in the books of Indian Oil Ltd, if $400$ shares of Rs.$50$ each issued at par were forfeited for non-payment of final call of Rs.$10$ per share. These shares were reissued at Rs. $45$ per share fully paid-up. Record the the journal entry for transferring the balance in forfeiture amount to capital reserve.<br>

Question 6 :
A limited Company forfeited 100 equity shares of the face value of Rs 10 each, Rs 6 per share called up, for non payment of first call of Rs 2 per share. The forfeited shares were subsequently re-issued as fully paid Rs 7 each. The Profit on re-issue is ________.

Question 8 :
At the time of forfeiture, share capital Account is debited with ________.

Question 10 :
Which of the following securities can be forfeited for non-payment of allotment or call money?<br/>(I) Equity Shares<br/>(II) Equity Shares, Preference Shares<br/>(III) Preference Shares, Equity Shares &amp; Debentures<br/>(IV) Debentures<br/>Select the correct answer from the options given below -

Question 12 :
A Ltd. Acquired assets worth Rs. $11,25,000$ from B. Ltd. by issue of equality shares of Rs. $100$ at premium of $25\%$. The number of shares to be issued by A Ltd, for the purchase consideration.

Question 13 :
At the time of forfeiture of shares which were originally issued at a discount, the accounting entry will be<br>I. A Debit Share capital account with the called-up value of shares forfeited.<br>II. A Credit Share forfeiture account with the amount received on forfeited shares.<br>III. A Credit Discount on issue of shares with the amount of discount allowed on forfeited shares,<br>IV. A Credit Calls-in-arrears with the amount due but not paid on forfeited shares.<br>

Question 14 :
B Ltd. forfeited 50 shares of Rs 100 each issued at 10% premium on which allotment money of Rs 30 per share (including premium) and first call of Rs 30 per share were not received, the second &amp; final call of Rs 20 per share was not yet called. If 20 of these shares were re-issued as Rs 80 called up for Rs 80 per share, the Profit on re-issue is ____________.

Question 15 :
If a shares of Rs. $10$ on which Rs. $8$ has been paid up is forfeited, it can be re-issued at the minimum price of ______.

Question 17 :
D Ltd. issued 1,00,000 equity shares of Rs 10 each at a premium of Rs. 2 per share. The amount payable was Rs. 2 on application, Rs. 5 on allotment (including premium) &amp; rest on first &amp; final call. Applications were received for 1,20,000 shares. Excess application money was refunded to applications. All monies due were received except the allotment and first &amp; final call monies on 1,000 shares. These shares were forfeited and reissued at Rs 9 per share.<br/>Amount to be refunded&#160;on allotment for excess application will be _____.<br/>

Question 18 :
X limited forfeited 100 shares (Rs 6 called up) issued at a discount of 10% 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 19 :
10,000 equity shares&#160;of Rs. 10 each were issued to public at a premium of Rs. 2 per share. Application&#160;was received for 12,000 shares. Amount of securities premium account will be_____.

Question 20 :
If the premium account has not been received, either wholly or partially, in respect of the shares forfeited, the ________ will also be debited with the amount of premium not received along-with _________ at the time of forfeiture.

Question 22 :
S Ltd. issued&#160;1,00,000 equity shares of Rs. 10 each at a premium of Rs. 2 per share to the public.&#160;Full amount payable at the time of application. Application was received for&#160;1,20,000 shares. Excess application monies were refunded. Amount to be credited&#160;to share capital account should be____.