CASE BASED MCQ FOR ACCOUNTANCY CLASS 12TH CHAPTER 9 ACCOUNTING FOR SHARE CAPITAL PART 2

Case Based MCQ for Accounts Chapter 9 – Accounting for Share Capital

Question no.’s 1 to 4 are based on the hypothetical situation given below:

(b) X Ltd issued 2,00,000 shares of ₹ 100 each. Amount to be paid on Application ₹ 30 per share; on allotment ₹ 40 per share and on first & final call ₹ 30 per share. All money was duly subscribed and paid towards the nominal value of shares except on 9,000 shares who failed to pay allotment and calls money. These shares were forfeited. 5,000 shares were re-issued at ₹ 80 per share fully paid.

1. Which amount of the following will be shown into the Balance Sheet of the company under the sub-head “Share Capital”?

 
 
 
 

2. Which amount the following will be called paid up share capital?

 
 
 
 

3. Which amount of the following, balance in Share Forfeiture Account?

 
 
 
 

4. Which amount of the following will be transferred to Capital Reserve?

 
 
 
 

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