CUET Accountancy - 400 shares of ₹ 50 each issued at par were forfeited for non-payment of final call of ₹ 10 per share. These shares were reissued at ₹ 45 per share as fully paid-up. The amount transferred to capital reserve is: | PYQs + Solutions

CUET Accountancy

Company Accounts

Medium

₹ 15,000

₹ 14,000

₹ 16,000

₹ 13,000

✅ Correct Option: 2

Related questions:

24 May Shift 1

While issuing shares, the application money should be atleast ______ of face value.

2 June Shift 2

A share of Rs.10. Issued at a premium of Rs.3. On which Rs.3 was payable on application and Rs.5 was payable on allotment including premium. A shareholder who had applied for 100 shares was Allotted Only 50 Shares and due to non payment of allotment his shares were forfeited. In this case the amount to be debited to securities premium A/c on forfeiture of these shares are

24 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Calls in advance	(I) The maximum number of members is 200.
(B) Calls in arrears	(II) 12 %
(C) Private company	(III) 10 %
(D) Public company	(IV) No limit on the maximum number of members.

Choose the correct answer from the options given below:

CUET Accountancy PYQs

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