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Standard IX

Mathematics

Continued Proportions

X Co. forfeit...

Question

X Co. forfeits $1000$ shares. If $R s . 10$ each called up and only $R s . 5$ paid on application. The amount to be forfeited is ___________.

R s . 5, 000

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R s . 700

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R s . 200

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R s . 300

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Solution

The correct option is A $R s . 5, 000$
share capital A/c 10,000
To share forfeited A/c 5,000.

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Similar questions

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X Co. forfeits 1000 shares. If Rs.10 each called up and only Rs.5 paid on application. The amount to be forfeited is ___________.

The correct option is A Rs.5,000share capital A/c 10,000 To share forfeited A/c 5,000.

X Co. forfeits $1000$ shares. If $R s . 10$ each called up and only $R s . 5$ paid on application. The amount to be forfeited is ___________.

The correct option is A $R s . 5, 000$
share capital A/c 10,000
To share forfeited A/c 5,000.