If a share of Rs.10, on which Rs. 6 has been paid, is forfeited, it can be reissued at the minimum price of:

Related MCQs

• The forfeited shares can be reissued at …………
• If 500 shares of 10 issued at a premium of 1 on which 9 (including premium) have been called and 7 including premium have been paid are forfeited, the forfeiture account should be credited by :
• Madhu Ltd. forfeited 800 shares of `10 each issued at 10% premium to Shyam (` 9 called up) on which he did not pay ` 3 of allotment (including premium) and first call of `2. Out of these, 600 shares were re-issued to Ram as fully paid up for `9 per share. What is to amount to be transferred to capital Reserve?
• The balance of the forfeited shares account after re-issue of forfeited shares is transferred to :
• The balance of the forfeited shares account after reissue of forfeited shares account is transferred to:
• On an equity share of Rs. 20, the company has called up Rs. 16 but Rs.14 has been received by the company, the share capital account should be credited by ……
• Which of the following should be deducted from the share capital to determine the paid up share capital.
• When shares are forfeited the share capital account is debited by
• Balance of forfeited share is …….
• When shares are forfeited the share capital account is debited by