Question

Ratan Ltd. forfeited 5,000 shares of Rs. 10 each on which application money of Rs. 3 was received.

Out of these 2,500 shares were reissued as fully paid-up and Rs. 5,000 has been transferred to

Capital Reserve. Calculate the rate at which these shares were reissued.

(a) Rs. 10 per share

(b) Rs. 9 per share

(c) Rs. 11 per Share

(d) Rs. 8 per share​

Answer 1

Answer:

Out of these 2,500 shares were reissued as fully paid-up and Rs. 5,000 has been transferred to

Capital Reserve. Calculate the rate at which these shares were reissued.

Answer 2

Answer:

(a) 10 per share

Ratan Ltd. forfeited 5,000 shares of Rs. 10 each on which application money of Rs. 3 was received.

Out of these 2,500 shares were reissued as fully paid-up and Rs. 5,000 has been transferred to

5000-2500=2500

2500÷10=250