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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 rupees 4 per share.the called up value per share was rupee's9 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:
1. Called-up Value per Share:
- Called-up value per share = Face value + First and Final call amount
- Called-up value per share = Rs. 10 + Rs. 4 = Rs. 14
2. Amount Forfeited per Share:
- Forfeited amount per share = Called-up value - Paid-up value
- Forfeited amount per share = Rs. 14 - Rs. 9 = Rs. 5
3. Amount Debited to Share Capital:
- Number of forfeited shares = 2000
- Total amount forfeited = Forfeited amount per share * Number of forfeited shares
- Total amount forfeited = Rs. 5 * 2000 = Rs. 10,000
Therefore, 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 rupees 4 per share.the called up value per share was rupee's9 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 rupees 4 per share.the called up value per share was rupee's9 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 rupees 4 per share.the called up value per share was rupee's9 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 rupees 4 per share.the called up value per share was rupee's9 on forfeited the amount debited to share capital will be?.
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