A share of $R s . 100$ each is forfeited for non-payment of allotment money of $R s . 50$ (including premium $R s . 20$ ) and first and final call of $R s . 20$ . Amount credited to Share Forfeited Account will be _____________.

R s . 50

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

R s . 30

No worries! We‘ve got your back. Try BYJU‘S free classes today!

R s . 20

No worries! We‘ve got your back. Try BYJU‘S free classes today!

R s . 80

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A $R s . 50$
wrong question

Suggest Corrections

Similar questions

500

shares of

R s . 20

each issued at

5

% discount are forfeited for non-payment of allotment and final call money @

R s . 9

and

R s . 5

respectively. Amount credited to share forfeited A/c is ______________.

Q. Y Ltd. forfeited 50 shares of Rs 100 each issued at 10% premium on which allotment money of Rs 30 per share (including premium) and first call of Rs 30 per share were not received and the second and final call of Rs 20 per share was not yet called. 20 of these shares were re-issued as Rs 80 paid up for Rs 70 per share.
On forfeiture, the Share Capital Account will be _____________.

Q. Y Ltd. forfeited 50 shares of Rs 100 each issued at 10% premium on which allotment money of Rs 30 per share (including premium) and first call of Rs 30 per share were not received and the second and final call of Rs 20 per share was not yet called. 20 of these shares as Rs 80 paid up for Rs 70 per share.
On re-issue, the Share Capital Account will be ___________________.

Q. Journalise the following transaction in the books Bhushan Oil Ltd
(a) 200 shares of Rs. 100 each issued at a premium of Rs. 10 were forfeited for the non-payment of allotment money of Rs. 60 per share. The first and final call of Rs. 20 per share on these shares were not made. The forfeited shares were reissued at Rs. 70 per share as fully paid-up.
(b) 150 shares of Rs. 10 each issued at a premium of Rs. 4 per share payable with allotment were forfeited for non-payment of allotment money of Rs. 8 per share including premium. The first and final call of Rs. 4 per share were not made. The forfeited share were reissued at Rs. 15 per share fully paid-up.
(c) 400 share of Rs. 50 each issued at par were forfeited for non-payment of final call of Rs. 10 per share. These share were reissued at Rs. 45 per share fully paid-up.

Journalise the following transaction in the books Bhushan Oil Ltd:

(a) 200 shares of Rs 100 each issued at a discount of Rs 10 were forfeited for the non payment of allotment money of Rs 50 per share. The first and final call of Rs 20 per share on these share were not made. The forfeited share were reissued at Rs 70 per share as fully paid-up.

(b) 150 shares of Rs 10 each issued at a premium of Rs 4 per share payable with allotment were forfeited for non-payment of allotment money of Rs 8 per share including premium. The first and final call of Rs 4 per share were not made. The forfeited share were reissued at Rs 15 per share fully paid-up.

(c) 400 share of Rs 50 each issued at par were forfeited for non-payment of final call of Rs 10 per share. These share were reissued at Rs 45 per share fully paid-up.

Join BYJU'S Learning Program

A share of Rs.100 each is forfeited for non-payment of allotment money of Rs.50 (including premium Rs.20) and first and final call of Rs.20. Amount credited to Share Forfeited Account will be _____________.

The correct option is A Rs.50wrong question

A share of $R s . 100$ each is forfeited for non-payment of allotment money of $R s . 50$ (including premium $R s . 20$ ) and first and final call of $R s . 20$ . Amount credited to Share Forfeited Account will be _____________.

The correct option is A $R s . 50$
wrong question