Question

200 equity shares Rs. 100 each issue at par, forfeited for non-payment of final call of Rs. 30/- the amount of forfeited will be​

Answer 1

Given: 200 equity shares of Rs 100

To Find: Forfeited amount

Solution: called up amount= 200 equity shares X Rs 100 = Rs 20000

               Amount not Received=200 equity shares X Rs 30 = Rs 60000

               Forfeited Amount= Rs 20000- Rs 60000= Rs 14000

Hence the forfeited amount is Rs 14000