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6,000 shares of Rs. 100 each (applied for 7.500 shares) forfeited due to non-payment of allotment Rs. 40 per share. First & final call was not yet made. Company received only application money at Rs. 50 per share including premium of Rs. 20 per share. Which of the following amount will be forfeited by the company?
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6,000 shares of Rs. 100 each (applied for 7.500 shares) forfeited due ...
We need to calculate the total amount forfeited due to non-payment of allotment.

The number of shares forfeited is 7,500 - 6,000 = 1,500 shares.
The amount per share forfeited is Rs. 40.

Therefore, the total amount forfeited is 1,500 shares * Rs. 40/share = Rs. 60,000.
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6,000 shares of Rs. 100 each (applied for 7.500 shares) forfeited due to non-payment of allotment Rs. 40 per share. First & final call was not yet made. Company received only application money at Rs. 50 per share including premium of Rs. 20 per share. Which of the following amount will be forfeited by the company?
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6,000 shares of Rs. 100 each (applied for 7.500 shares) forfeited due to non-payment of allotment Rs. 40 per share. First & final call was not yet made. Company received only application money at Rs. 50 per share including premium of Rs. 20 per share. Which of the following amount will be forfeited by the company? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about 6,000 shares of Rs. 100 each (applied for 7.500 shares) forfeited due to non-payment of allotment Rs. 40 per share. First & final call was not yet made. Company received only application money at Rs. 50 per share including premium of Rs. 20 per share. Which of the following amount will be forfeited by the company? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 6,000 shares of Rs. 100 each (applied for 7.500 shares) forfeited due to non-payment of allotment Rs. 40 per share. First & final call was not yet made. Company received only application money at Rs. 50 per share including premium of Rs. 20 per share. Which of the following amount will be forfeited by the company?.
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