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A company forfeited 2000 share's of rupees 10 each held by mr.x for non payment of first and final call of 4per share.the called up value per share was 9 on forfeited the amount debited to share capital will be?
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A company forfeited 2000 share's of rupees 10 each held by mr.x for no...
Calculation of Amount Debited to Share Capital
To calculate the amount debited to share capital when 2000 shares of Rs. 10 each are forfeited for non-payment of the first and final call of Rs. 4 per share, we need to consider the called-up value per share.
Called-up Value per Share
The called-up value per share is the amount that shareholders have already paid on each share. In this case, the called-up value per share is Rs. 9 (Rs. 10 - Rs. 1 call paid).
Forfeited Amount per Share
The forfeited amount per share is the amount that needs to be debited to share capital when shares are forfeited. In this case, the forfeited amount per share is Rs. 4 (non-payment of first and final call).
Amount Debited to Share Capital
The amount debited to share capital for each forfeited share is the difference between the called-up value and the forfeited amount. Therefore, the amount debited to share capital per forfeited share is Rs. 5 (Rs. 9 - Rs. 4).
Total Amount Debited to Share Capital
To find the total amount debited to share capital for 2000 forfeited shares, we multiply the amount debited to share capital per share by the number of forfeited shares.
Total amount debited = Rs. 5 x 2000 = Rs. 10,000.
Therefore, when 2000 shares of Rs. 10 each held by Mr. X are forfeited for non-payment of the first and final call of Rs. 4 per share, the amount debited to share capital will be Rs. 10,000.
To calculate the amount debited to share capital when 2000 shares of Rs. 10 each are forfeited for non-payment of the first and final call of Rs. 4 per share, we need to consider the called-up value per share.
Called-up Value per Share
The called-up value per share is the amount that shareholders have already paid on each share. In this case, the called-up value per share is Rs. 9 (Rs. 10 - Rs. 1 call paid).
Forfeited Amount per Share
The forfeited amount per share is the amount that needs to be debited to share capital when shares are forfeited. In this case, the forfeited amount per share is Rs. 4 (non-payment of first and final call).
Amount Debited to Share Capital
The amount debited to share capital for each forfeited share is the difference between the called-up value and the forfeited amount. Therefore, the amount debited to share capital per forfeited share is Rs. 5 (Rs. 9 - Rs. 4).
Total Amount Debited to Share Capital
To find the total amount debited to share capital for 2000 forfeited shares, we multiply the amount debited to share capital per share by the number of forfeited shares.
Total amount debited = Rs. 5 x 2000 = Rs. 10,000.
Therefore, when 2000 shares of Rs. 10 each held by Mr. X are forfeited for non-payment of the first and final call of Rs. 4 per share, the amount debited to share capital will be Rs. 10,000.
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A company forfeited 2000 share's of rupees 10 each held by mr.x for non payment of first and final call of 4per share.the called up value per share was 9 on forfeited the amount debited to share capital will be?
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A company forfeited 2000 share's of rupees 10 each held by mr.x for non payment of first and final call of 4per share.the called up value per share was 9 on forfeited the amount debited to share capital will be? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A company forfeited 2000 share's of rupees 10 each held by mr.x for non payment of first and final call of 4per share.the called up value per share was 9 on forfeited the amount debited to share capital will be? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A company forfeited 2000 share's of rupees 10 each held by mr.x for non payment of first and final call of 4per share.the called up value per share was 9 on forfeited the amount debited to share capital will be?.
A company forfeited 2000 share's of rupees 10 each held by mr.x for non payment of first and final call of 4per share.the called up value per share was 9 on forfeited the amount debited to share capital will be? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A company forfeited 2000 share's of rupees 10 each held by mr.x for non payment of first and final call of 4per share.the called up value per share was 9 on forfeited the amount debited to share capital will be? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A company forfeited 2000 share's of rupees 10 each held by mr.x for non payment of first and final call of 4per share.the called up value per share was 9 on forfeited the amount debited to share capital will be?.
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