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Use the following information for questions 80 and 81D Ltd. issued 10,000 equity shares of Rs.10 each at a premium of 20%. The share amount was payable as:Applications were received for 14,000 shares and the shares were allotted to applicants on pro-rata basis. E, who was allotted 300 shares, failed to pay the first call. On his subsequent failure to pay the second and final call, all his shares were forfeited. Out of the forfeited shares, 200 shares were re-issued @ Rs.9 per share.Q.The amount transferred to capital reserve = ? and the balance in share forfeiture accounts respectively, area)Rs.200b)Rs.1,100c)Rs.800d)Rs.1,300Correct 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 Use the following information for questions 80 and 81D Ltd. issued 10,000 equity shares of Rs.10 each at a premium of 20%. The share amount was payable as:Applications were received for 14,000 shares and the shares were allotted to applicants on pro-rata basis. E, who was allotted 300 shares, failed to pay the first call. On his subsequent failure to pay the second and final call, all his shares were forfeited. Out of the forfeited shares, 200 shares were re-issued @ Rs.9 per share.Q.The amount transferred to capital reserve = ? and the balance in share forfeiture accounts respectively, area)Rs.200b)Rs.1,100c)Rs.800d)Rs.1,300Correct 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 Use the following information for questions 80 and 81D Ltd. issued 10,000 equity shares of Rs.10 each at a premium of 20%. The share amount was payable as:Applications were received for 14,000 shares and the shares were allotted to applicants on pro-rata basis. E, who was allotted 300 shares, failed to pay the first call. On his subsequent failure to pay the second and final call, all his shares were forfeited. Out of the forfeited shares, 200 shares were re-issued @ Rs.9 per share.Q.The amount transferred to capital reserve = ? and the balance in share forfeiture accounts respectively, area)Rs.200b)Rs.1,100c)Rs.800d)Rs.1,300Correct answer is option 'C'. Can you explain this answer?.

Solutions for Use the following information for questions 80 and 81D Ltd. issued 10,000 equity shares of Rs.10 each at a premium of 20%. The share amount was payable as:Applications were received for 14,000 shares and the shares were allotted to applicants on pro-rata basis. E, who was allotted 300 shares, failed to pay the first call. On his subsequent failure to pay the second and final call, all his shares were forfeited. Out of the forfeited shares, 200 shares were re-issued @ Rs.9 per share.Q.The amount transferred to capital reserve = ? and the balance in share forfeiture accounts respectively, area)Rs.200b)Rs.1,100c)Rs.800d)Rs.1,300Correct 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.

Here you can find the meaning of Use the following information for questions 80 and 81D Ltd. issued 10,000 equity shares of Rs.10 each at a premium of 20%. The share amount was payable as:Applications were received for 14,000 shares and the shares were allotted to applicants on pro-rata basis. E, who was allotted 300 shares, failed to pay the first call. On his subsequent failure to pay the second and final call, all his shares were forfeited. Out of the forfeited shares, 200 shares were re-issued @ Rs.9 per share.Q.The amount transferred to capital reserve = ? and the balance in share forfeiture accounts respectively, area)Rs.200b)Rs.1,100c)Rs.800d)Rs.1,300Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Use the following information for questions 80 and 81D Ltd. issued 10,000 equity shares of Rs.10 each at a premium of 20%. The share amount was payable as:Applications were received for 14,000 shares and the shares were allotted to applicants on pro-rata basis. E, who was allotted 300 shares, failed to pay the first call. On his subsequent failure to pay the second and final call, all his shares were forfeited. Out of the forfeited shares, 200 shares were re-issued @ Rs.9 per share.Q.The amount transferred to capital reserve = ? and the balance in share forfeiture accounts respectively, area)Rs.200b)Rs.1,100c)Rs.800d)Rs.1,300Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Use the following information for questions 80 and 81D Ltd. issued 10,000 equity shares of Rs.10 each at a premium of 20%. The share amount was payable as:Applications were received for 14,000 shares and the shares were allotted to applicants on pro-rata basis. E, who was allotted 300 shares, failed to pay the first call. On his subsequent failure to pay the second and final call, all his shares were forfeited. Out of the forfeited shares, 200 shares were re-issued @ Rs.9 per share.Q.The amount transferred to capital reserve = ? and the balance in share forfeiture accounts respectively, area)Rs.200b)Rs.1,100c)Rs.800d)Rs.1,300Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Use the following information for questions 80 and 81D Ltd. issued 10,000 equity shares of Rs.10 each at a premium of 20%. The share amount was payable as:Applications were received for 14,000 shares and the shares were allotted to applicants on pro-rata basis. E, who was allotted 300 shares, failed to pay the first call. On his subsequent failure to pay the second and final call, all his shares were forfeited. Out of the forfeited shares, 200 shares were re-issued @ Rs.9 per share.Q.The amount transferred to capital reserve = ? and the balance in share forfeiture accounts respectively, area)Rs.200b)Rs.1,100c)Rs.800d)Rs.1,300Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Use the following information for questions 80 and 81D Ltd. issued 10,000 equity shares of Rs.10 each at a premium of 20%. The share amount was payable as:Applications were received for 14,000 shares and the shares were allotted to applicants on pro-rata basis. E, who was allotted 300 shares, failed to pay the first call. On his subsequent failure to pay the second and final call, all his shares were forfeited. Out of the forfeited shares, 200 shares were re-issued @ Rs.9 per share.Q.The amount transferred to capital reserve = ? and the balance in share forfeiture accounts respectively, area)Rs.200b)Rs.1,100c)Rs.800d)Rs.1,300Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.