Question

X Ltd. makes an issue of 1,00,000 equity shares of Rs. 10 each payable as follows On application –Rs.5 On Allotment- Rs.2.5 On call –Rs.2.5 One shareholder, holding 5,000 shares did not pay the call money. His shares were forfeited and out of them 3,000 shares were reissued at Rs. 8 per share as fully paid. The amount of Capital Reserve will be Rs.__________________. (a) 16,500 (b) 31,500 (c) 22,500 (d) None

Answer 1

$<b1>$

X Ltd. makes an issue of 1,00,000 equity shares of Rs. 10 each payable as follows On application –Rs.5 On Allotment- Rs.2.5 On call –Rs.2.5 One shareholder, holding 5,000 shares did not pay the call money. His shares were forfeited and out of them 3,000 shares were reissued at Rs. 8 per share as fully paid. The amount of Capital Reserve will be Rs. 22,500.

So, the answer is :-

[C] 22,500 ✓✓

Answer 2

Hello Friend

Ans

Option.C

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