UPSC Exam > UPSC Questions > A company forfeited 2000 share's of rupees 10...
Start Learning for Free
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?
Most Upvoted Answer
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.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Top Courses for UPSCView all
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?
Question Description
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?.
Solutions 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? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of 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? defined & explained in the simplest way possible. Besides giving the explanation of
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 detailed solution 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? has been provided alongside types of 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? theory, EduRev gives you an
ample number of questions to practice 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? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup