X was issued 100 shares of Rs. 10 each at a premium of Re.1, he paid application money and allotment money which in total amounted to Rs. 5 (excluding premium) and failed to pay the balance call money of Rs. 5. Find the maximum discount that can be given at the time reissue of shares:

- a)Rs. 4 per shares
- b)Rs. 5 per share
- c)Rs. 2 per share
- d)Rs. 6 per share

Correct answer is option 'B'. Can you explain this answer?

By
Akhila Rani
·
Jan 17, 2020 ·CA Foundation

3 Answers

This discussion on X was issued 100 shares of Rs. 10 each at a premium of Re.1, he paid application money and allotment money which in total amounted to Rs. 5 (excluding premium) and failed to pay the balance call money of Rs. 5. Find the maximum discount that can be given at the time reissue of shares:a)Rs. 4 per sharesb)Rs. 5 per sharec)Rs. 2 per shared)Rs. 6 per shareCorrect answer is option 'B'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and
Answers of X was issued 100 shares of Rs. 10 each at a premium of Re.1, he paid application money and allotment money which in total amounted to Rs. 5 (excluding premium) and failed to pay the balance call money of Rs. 5. Find the maximum discount that can be given at the time reissue of shares:a)Rs. 4 per sharesb)Rs. 5 per sharec)Rs. 2 per shared)Rs. 6 per shareCorrect answer is option 'B'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student
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X was issued 100 shares of Rs. 10 each at a premium of Re.1, he paid application money and allotment money which in total amounted to Rs. 5 (excluding premium) and failed to pay the balance call money of Rs. 5. Find the maximum discount that can be given at the time reissue of shares:a)Rs. 4 per sharesb)Rs. 5 per sharec)Rs. 2 per shared)Rs. 6 per shareCorrect answer is option 'B'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved
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