CUET Accountancy - The directors of a company forfeited 400 equity shares of Rs. 10 each fully called up on which Rs. 1,600 had been paid. All the forfeited shares were reissued upon payment of Rs. 3,000. Calculate the amount transferred to Capital Reserve | PYQs + Solutions

CUET Accountancy 2022 20 Aug Shift 2

Company Accounts

Medium

Rs. 1,600

Rs. 600

Rs. 1,400

Rs. 2,400

✅ Correct Option: 2

Related questions:

3 June Shift 2

The balance of the share forfeiture account is shown in the balance sheet under the item:

29 May Shift 2

In case of over subscription, the directors may

(A). Accept some applications in full and reject excessive applications.

(B). They can make pro-rata allotment to all.

(C). They can adopt a combination of the above two alternatives.

(D). They can make preferential allotment to some applicants.

14 May Shift 2

Correct steps in the procedure of issue of shares are-

(A) Allotment of Shares

(B) Calls in Arrears

(D) Receipt of Applications

Choose the correct answer from the options given below:

CUET Accountancy 2022 20 Aug Shift 2 PYQs