150 shares of Mr. Ram of Rs.10 each issued at a premium of Rs.4 per share payable with allotment were forfeited for non-payment of allotment money of Rs.8 per share including premium. The first and final call of Rs.4 per share was not made. The forfeited shares were reissued at Rs.15 per share fully paid-up. Calculate the amount transferred to capital reserve.

The amount received on First and Final call is

Amount forfeited on shares is shown under which head of the balance sheet?

In case of issue of shares, the 'minimum subscription' of capital cannot be less than .......... of the issued amount according to SEBI (Disclosure and Investor Protection) Guidelines, 2000.

Vijeta Limited took over assets worth Rs. 10,00,000 and liabilities of Rs. 3,00,000 from Gupta Ltd. for a purchase consideration of Rs. 12,00,000. Vijeta Ltd. has given a bill of Rs. 2,00,000 and agreed to settle the remaining purchase consideration by issuing shares at a premium of 25% on face value of Rs. 100 per share. How much amount will be credited to the securities premium reserve account in this case?

What is the amount of Profit on reissue of Forfeited Shares Accounts transferred to capital reserve?

When the purchase consideration is more than net assets taken over, the difference will be debited to