A Ltd. forfeited a share of Rs. 100 issued at a premium of 20% for non-payment of first call of Rs. 30 per share and final call of Rs. 10 per share. State the minimum price at which this share can be reissued. (C.B.S.E. Sample Paper. 2017) Post category:Accountancy Reading time:1 mins read SOLUTION Minimum price at which share can be reissued = Rs. 100 – Rs. 60 = Rs. 40. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostNirman Ltd. issued 50,000 equity shares of Rs. 10 each. The amount was payable as follows: Next PostY Ltd. forfeited 100 equity shares of Rs. 10 each for the non-payment of first call of Rs. 2 per share. The final call of Rs. 2 per share was yet to be made. Calculate the maximum amount of discount at which these shares can be re-issued. (C.B.S. E. 2017. Delhi) You Might Also Like What is the denominator to be used while calculating Trade Receivables Turnover Ratio? October 3, 2022 On dissolution of a firm, its Balance Sheet revealed capital Rs. 5,00,000; General Reserve Rs. 2,00,000, Creditors Rs. 1,00,000 and cash balance Rs. 20,000. Assets were realised at 60%. What will be loss on realisation? September 27, 2022 What is partnership deed? September 23, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
What is the denominator to be used while calculating Trade Receivables Turnover Ratio? October 3, 2022
On dissolution of a firm, its Balance Sheet revealed capital Rs. 5,00,000; General Reserve Rs. 2,00,000, Creditors Rs. 1,00,000 and cash balance Rs. 20,000. Assets were realised at 60%. What will be loss on realisation? September 27, 2022
