✓ Board-verified
Accountancy · 2023 · 1 mark
CBSE 2023 · Region 4 · Set 3 · Q5
Chavi Ltd. forfeited 5,000 equity shares of ₹ 10 each issued at a premium of ₹ 5 per share for non - payment of first and final call of ₹ 4 per…
Chavi Ltd. forfeited $\displaystyle 5,000$ equity shares of ₹ $\displaystyle 10$ each issued at a premium of ₹ $\displaystyle 5$ per share for non - payment of first and final call of ₹ $\displaystyle 4$ per share. On forfeiture, 'Share Forfeiture Account' will be credited by :
Official answer
(B)
₹ $\displaystyle 30,000$
Marking-scheme solution
(b)
₹$\displaystyle 30,000$
Read the following hypothetical situation.....................................
All Accounting for Share Capital questions2023 question paperPractice Accounting for Share Capital →
More from Accounting for Share Capital
- Zinki Limited forfeited a share of ₹ 100 issued at a premium of 20% for non - payment of first call of ₹ 30 per share and final call of ₹ 10 per…2023
- A portion of the called-up capital which has been actually received from the shareholders is termed as:2023
- Reserve capital is that portion of the capital that can be called only in the event of winding up of the company. OR The debentures which do not…2026
- Mayank Ltd. invited applications for issuing 70,000 equity shares of f 100 each. The amount was payable as follows: On Application - t 20 per share…2025
- Lotus Ltd. invited applications for issuing 80,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share. The amount was payable as follows: On…2023
- If a share of ₹ 100 on which ₹ 70 has been paid is forfeited, then at which minimum price can it be re-issued? OR If a share of ₹ 10 issued at a…2024
- Ajanta Ltd. invited applications for issuing 30,000 equity shares of T 10 each at a premium of 5 per share. The amount was payable as follows: On…2026
- Vishant Ltd. invited applications for issuing 6,000 equity shares of ₹ 10 each at 10% premium. The issue was fully subscribed. The amount per share…2024
CBSE Class 12 Accountancy past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.