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Case Study:Issue of SharesSuperb Limited issued Equity shares of the value Rs. 3,00,000 the face value being Rs. 10 each at a premium of 20%. The amount payable was-Application - 30%Allotment - 50% (including premium)Two calls - Equal amountPro-Rata allotment was done to all applicants of 40,000 shares.Ramit who applied for 80 shares failed to pay both calls and his shares were subsequently forfeited.Forfeited Shares amount on shares, not yet reissued, is a part of:a)Reserves & Surplusb)Current Liabilitiesc)Current Assetd)Share CapitalCorrect answer is option 'D'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Case Study:Issue of SharesSuperb Limited issued Equity shares of the value Rs. 3,00,000 the face value being Rs. 10 each at a premium of 20%. The amount payable was-Application - 30%Allotment - 50% (including premium)Two calls - Equal amountPro-Rata allotment was done to all applicants of 40,000 shares.Ramit who applied for 80 shares failed to pay both calls and his shares were subsequently forfeited.Forfeited Shares amount on shares, not yet reissued, is a part of:a)Reserves & Surplusb)Current Liabilitiesc)Current Assetd)Share CapitalCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Case Study:Issue of SharesSuperb Limited issued Equity shares of the value Rs. 3,00,000 the face value being Rs. 10 each at a premium of 20%. The amount payable was-Application - 30%Allotment - 50% (including premium)Two calls - Equal amountPro-Rata allotment was done to all applicants of 40,000 shares.Ramit who applied for 80 shares failed to pay both calls and his shares were subsequently forfeited.Forfeited Shares amount on shares, not yet reissued, is a part of:a)Reserves & Surplusb)Current Liabilitiesc)Current Assetd)Share CapitalCorrect answer is option 'D'. Can you explain this answer?.

Solutions for Case Study:Issue of SharesSuperb Limited issued Equity shares of the value Rs. 3,00,000 the face value being Rs. 10 each at a premium of 20%. The amount payable was-Application - 30%Allotment - 50% (including premium)Two calls - Equal amountPro-Rata allotment was done to all applicants of 40,000 shares.Ramit who applied for 80 shares failed to pay both calls and his shares were subsequently forfeited.Forfeited Shares amount on shares, not yet reissued, is a part of:a)Reserves & Surplusb)Current Liabilitiesc)Current Assetd)Share CapitalCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Humanities/Arts. Download more important topics, notes, lectures and mock test series for Humanities/Arts Exam by signing up for free.

Here you can find the meaning of Case Study:Issue of SharesSuperb Limited issued Equity shares of the value Rs. 3,00,000 the face value being Rs. 10 each at a premium of 20%. The amount payable was-Application - 30%Allotment - 50% (including premium)Two calls - Equal amountPro-Rata allotment was done to all applicants of 40,000 shares.Ramit who applied for 80 shares failed to pay both calls and his shares were subsequently forfeited.Forfeited Shares amount on shares, not yet reissued, is a part of:a)Reserves & Surplusb)Current Liabilitiesc)Current Assetd)Share CapitalCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Case Study:Issue of SharesSuperb Limited issued Equity shares of the value Rs. 3,00,000 the face value being Rs. 10 each at a premium of 20%. The amount payable was-Application - 30%Allotment - 50% (including premium)Two calls - Equal amountPro-Rata allotment was done to all applicants of 40,000 shares.Ramit who applied for 80 shares failed to pay both calls and his shares were subsequently forfeited.Forfeited Shares amount on shares, not yet reissued, is a part of:a)Reserves & Surplusb)Current Liabilitiesc)Current Assetd)Share CapitalCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Case Study:Issue of SharesSuperb Limited issued Equity shares of the value Rs. 3,00,000 the face value being Rs. 10 each at a premium of 20%. The amount payable was-Application - 30%Allotment - 50% (including premium)Two calls - Equal amountPro-Rata allotment was done to all applicants of 40,000 shares.Ramit who applied for 80 shares failed to pay both calls and his shares were subsequently forfeited.Forfeited Shares amount on shares, not yet reissued, is a part of:a)Reserves & Surplusb)Current Liabilitiesc)Current Assetd)Share CapitalCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Case Study:Issue of SharesSuperb Limited issued Equity shares of the value Rs. 3,00,000 the face value being Rs. 10 each at a premium of 20%. The amount payable was-Application - 30%Allotment - 50% (including premium)Two calls - Equal amountPro-Rata allotment was done to all applicants of 40,000 shares.Ramit who applied for 80 shares failed to pay both calls and his shares were subsequently forfeited.Forfeited Shares amount on shares, not yet reissued, is a part of:a)Reserves & Surplusb)Current Liabilitiesc)Current Assetd)Share CapitalCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Case Study:Issue of SharesSuperb Limited issued Equity shares of the value Rs. 3,00,000 the face value being Rs. 10 each at a premium of 20%. The amount payable was-Application - 30%Allotment - 50% (including premium)Two calls - Equal amountPro-Rata allotment was done to all applicants of 40,000 shares.Ramit who applied for 80 shares failed to pay both calls and his shares were subsequently forfeited.Forfeited Shares amount on shares, not yet reissued, is a part of:a)Reserves & Surplusb)Current Liabilitiesc)Current Assetd)Share CapitalCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Humanities/Arts tests.