61 :- Dell Ltd. Forfeited 2,000 Equity Shares of Rs 50 each issued at 10% premium on which allotment money of Rs 15 equity share (including premium) and first call of Rs 15 per share were not received, the second and final call of Rs 10 per equity share was not yet called.
Calculate ‘Discount Allowed or Premium Received’ and ‘Amount transferred to Capital Reserve’ on reissue of shares as fully paid-up in each of the following cases :
Case 1 : If 200 of these shares were reissued as Rs 40 paid-up for Rs 45 per share.
Case 2 : If 200 of these shares were reissued as Rs 40 paid-up for Rs 40 per share.
Case 3 : If 200 of these shares were reissued as Rs 40 paid-up for Rs 35 per share.
Case 4 : If 200 of these shares were reissued as Rs 40 paid-up for Rs 25 per share.
Case 5 : If 200 of these shares were reissued as Rs 35 per share as fully paid-up.
Solution :-
