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D Ltd. issued 2,00,000 shares of Rs.100 each at a premium of Rs.20 per share payable as follows :
On application Rs.20
On allotment Rs.50 (including premium)
On first call Rs.30
On second and final call Rs.20
Applications were received for 3,00,000 shares and pro rata allotment was made to applicants of 2,40,000 shares. Money excess received on application was employed on account of sum due on allotment as part of share capital. E, to whom 4,000 shares were allotted, failed to pay the allotment money and on his subsequent failure to pay the first call, his shares were forfeited and F, the holder of 6,000 shares failed to pay the two calls and his shares were forfeited after the second call. Of the forfeited shares, 8,000 shares were reissued to G at a discount of 10%, the whole of E’s forfeited shares being reissued.
 
Q.Total amount paid by F = ________.
  • a)
    Rs 80,000
  • b)
    Rs 3,00,000
  • c)
    Rs 4,20,000
  • d)
    Rs 1,44,000
Correct answer is option 'C'. Can you explain this answer?
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D Ltd. issued 2,00,000 shares of Rs.100 each at a premium of Rs.20 per...

To find out the total amount paid by F, we need to calculate the amount paid by F for the shares and the amount forfeited by F.
Given data:
- Total number of shares issued: 2,00,000
- Share price: Rs.100
- Premium per share: Rs.20
- Amount received on application: Rs.20
- Amount received on allotment (including premium): Rs.50
- Amount received on first call: Rs.30
- Amount received on second and final call: Rs.20
Calculation of shares allotted and forfeited:
- Total applications received: 3,00,000
- Pro rata allotment made: 2,40,000 shares
- Excess shares allotted: 3,00,000 - 2,40,000 = 60,000 shares
Forfeiture of shares:
- E failed to pay the allotment money for 4,000 shares.
- F failed to pay both calls for 6,000 shares.
Total shares forfeited: 4,000 + 6,000 = 10,000 shares
Reissue of forfeited shares:
- 8,000 shares were reissued to G at a discount of 10%.
- Remaining 2,000 shares were not reissued.
Calculation of amount paid by F:
- Amount paid on application for allotted shares: 6,000 shares * Rs.20 = Rs.1,20,000
- Amount paid on allotment for allotted shares (including premium): 6,000 shares * Rs.50 = Rs.3,00,000
- Amount paid on first call for allotted shares: 6,000 shares * Rs.30 = Rs.1,80,000
- Amount paid on second call for allotted shares: 6,000 shares * Rs.20 = Rs.1,20,000
- Total amount paid by F: Rs.1,20,000 + Rs.3,00,000 + Rs.1,80,000 + Rs.1,20,000 = Rs.7,20,000
Calculation of amount forfeited by F:
- Amount forfeited on first call for forfeited shares: 6,000 shares * Rs.30 = Rs.1,80,000
- Amount forfeited on second call for forfeited shares: 6,000 shares * Rs.20 = Rs.1,20,000
- Total amount forfeited by F: Rs.1,80,000 + Rs.1,20,000 = Rs.3,00,000
Total amount paid by F = Amount paid - Amount forfeited = Rs.7,20,000 - Rs.3,00,000 = Rs.4,20,000
Therefore, the total amount paid by F is Rs.4,20,000.
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D Ltd. issued 2,00,000 shares of Rs.100 each at a premium of Rs.20 per share payable as follows :On application Rs.20On allotment Rs.50 (including premium)On first call Rs.30On second and final call Rs.20Applications were received for 3,00,000 shares and pro rata allotment was made to applicants of 2,40,000 shares. Money excess received on application was employed on account of sum due on allotment as part of share capital. E, to whom 4,000 shares were allotted, failed to pay the allotment money and on his subsequent failure to pay the first call, his shares were forfeited and F, the holder of 6,000 shares failed to pay the two calls and his shares were forfeited after the second call. Of the forfeited shares, 8,000 shares were reissued to G at a discount of 10%, the whole of Es forfeited shares being reissued.Q.Total amount paid by F = ________.a)Rs 80,000b)Rs 3,00,000c)Rs 4,20,000d)Rs 1,44,000Correct answer is option 'C'. Can you explain this answer?
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D Ltd. issued 2,00,000 shares of Rs.100 each at a premium of Rs.20 per share payable as follows :On application Rs.20On allotment Rs.50 (including premium)On first call Rs.30On second and final call Rs.20Applications were received for 3,00,000 shares and pro rata allotment was made to applicants of 2,40,000 shares. Money excess received on application was employed on account of sum due on allotment as part of share capital. E, to whom 4,000 shares were allotted, failed to pay the allotment money and on his subsequent failure to pay the first call, his shares were forfeited and F, the holder of 6,000 shares failed to pay the two calls and his shares were forfeited after the second call. Of the forfeited shares, 8,000 shares were reissued to G at a discount of 10%, the whole of Es forfeited shares being reissued.Q.Total amount paid by F = ________.a)Rs 80,000b)Rs 3,00,000c)Rs 4,20,000d)Rs 1,44,000Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about D Ltd. issued 2,00,000 shares of Rs.100 each at a premium of Rs.20 per share payable as follows :On application Rs.20On allotment Rs.50 (including premium)On first call Rs.30On second and final call Rs.20Applications were received for 3,00,000 shares and pro rata allotment was made to applicants of 2,40,000 shares. Money excess received on application was employed on account of sum due on allotment as part of share capital. E, to whom 4,000 shares were allotted, failed to pay the allotment money and on his subsequent failure to pay the first call, his shares were forfeited and F, the holder of 6,000 shares failed to pay the two calls and his shares were forfeited after the second call. Of the forfeited shares, 8,000 shares were reissued to G at a discount of 10%, the whole of Es forfeited shares being reissued.Q.Total amount paid by F = ________.a)Rs 80,000b)Rs 3,00,000c)Rs 4,20,000d)Rs 1,44,000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for D Ltd. issued 2,00,000 shares of Rs.100 each at a premium of Rs.20 per share payable as follows :On application Rs.20On allotment Rs.50 (including premium)On first call Rs.30On second and final call Rs.20Applications were received for 3,00,000 shares and pro rata allotment was made to applicants of 2,40,000 shares. Money excess received on application was employed on account of sum due on allotment as part of share capital. E, to whom 4,000 shares were allotted, failed to pay the allotment money and on his subsequent failure to pay the first call, his shares were forfeited and F, the holder of 6,000 shares failed to pay the two calls and his shares were forfeited after the second call. Of the forfeited shares, 8,000 shares were reissued to G at a discount of 10%, the whole of Es forfeited shares being reissued.Q.Total amount paid by F = ________.a)Rs 80,000b)Rs 3,00,000c)Rs 4,20,000d)Rs 1,44,000Correct answer is option 'C'. Can you explain this answer?.
Solutions for D Ltd. issued 2,00,000 shares of Rs.100 each at a premium of Rs.20 per share payable as follows :On application Rs.20On allotment Rs.50 (including premium)On first call Rs.30On second and final call Rs.20Applications were received for 3,00,000 shares and pro rata allotment was made to applicants of 2,40,000 shares. Money excess received on application was employed on account of sum due on allotment as part of share capital. E, to whom 4,000 shares were allotted, failed to pay the allotment money and on his subsequent failure to pay the first call, his shares were forfeited and F, the holder of 6,000 shares failed to pay the two calls and his shares were forfeited after the second call. Of the forfeited shares, 8,000 shares were reissued to G at a discount of 10%, the whole of Es forfeited shares being reissued.Q.Total amount paid by F = ________.a)Rs 80,000b)Rs 3,00,000c)Rs 4,20,000d)Rs 1,44,000Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
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Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of D Ltd. issued 2,00,000 shares of Rs.100 each at a premium of Rs.20 per share payable as follows :On application Rs.20On allotment Rs.50 (including premium)On first call Rs.30On second and final call Rs.20Applications were received for 3,00,000 shares and pro rata allotment was made to applicants of 2,40,000 shares. Money excess received on application was employed on account of sum due on allotment as part of share capital. E, to whom 4,000 shares were allotted, failed to pay the allotment money and on his subsequent failure to pay the first call, his shares were forfeited and F, the holder of 6,000 shares failed to pay the two calls and his shares were forfeited after the second call. Of the forfeited shares, 8,000 shares were reissued to G at a discount of 10%, the whole of Es forfeited shares being reissued.Q.Total amount paid by F = ________.a)Rs 80,000b)Rs 3,00,000c)Rs 4,20,000d)Rs 1,44,000Correct answer is option 'C'. Can you explain this answer?, a detailed solution for D Ltd. issued 2,00,000 shares of Rs.100 each at a premium of Rs.20 per share payable as follows :On application Rs.20On allotment Rs.50 (including premium)On first call Rs.30On second and final call Rs.20Applications were received for 3,00,000 shares and pro rata allotment was made to applicants of 2,40,000 shares. Money excess received on application was employed on account of sum due on allotment as part of share capital. E, to whom 4,000 shares were allotted, failed to pay the allotment money and on his subsequent failure to pay the first call, his shares were forfeited and F, the holder of 6,000 shares failed to pay the two calls and his shares were forfeited after the second call. Of the forfeited shares, 8,000 shares were reissued to G at a discount of 10%, the whole of Es forfeited shares being reissued.Q.Total amount paid by F = ________.a)Rs 80,000b)Rs 3,00,000c)Rs 4,20,000d)Rs 1,44,000Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of D Ltd. issued 2,00,000 shares of Rs.100 each at a premium of Rs.20 per share payable as follows :On application Rs.20On allotment Rs.50 (including premium)On first call Rs.30On second and final call Rs.20Applications were received for 3,00,000 shares and pro rata allotment was made to applicants of 2,40,000 shares. Money excess received on application was employed on account of sum due on allotment as part of share capital. E, to whom 4,000 shares were allotted, failed to pay the allotment money and on his subsequent failure to pay the first call, his shares were forfeited and F, the holder of 6,000 shares failed to pay the two calls and his shares were forfeited after the second call. Of the forfeited shares, 8,000 shares were reissued to G at a discount of 10%, the whole of Es forfeited shares being reissued.Q.Total amount paid by F = ________.a)Rs 80,000b)Rs 3,00,000c)Rs 4,20,000d)Rs 1,44,000Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice D Ltd. issued 2,00,000 shares of Rs.100 each at a premium of Rs.20 per share payable as follows :On application Rs.20On allotment Rs.50 (including premium)On first call Rs.30On second and final call Rs.20Applications were received for 3,00,000 shares and pro rata allotment was made to applicants of 2,40,000 shares. Money excess received on application was employed on account of sum due on allotment as part of share capital. E, to whom 4,000 shares were allotted, failed to pay the allotment money and on his subsequent failure to pay the first call, his shares were forfeited and F, the holder of 6,000 shares failed to pay the two calls and his shares were forfeited after the second call. Of the forfeited shares, 8,000 shares were reissued to G at a discount of 10%, the whole of Es forfeited shares being reissued.Q.Total amount paid by F = ________.a)Rs 80,000b)Rs 3,00,000c)Rs 4,20,000d)Rs 1,44,000Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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