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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 3 · Set 2 · Q2
Lexa Ltd. issued 50,000 equity shares of ₹ 10 each at a premium of ₹ 2 per share. The amount was payable as follows: On application and allotment ₹ 7…
Lexa Ltd. issued $\displaystyle 50{,}000$ equity shares of ₹ $\displaystyle 10$ each at a premium of ₹ $\displaystyle 2$ per share. The amount was payable as follows : On application and allotment ₹ $\displaystyle 7$ per share (including premium) On first and final call Balance The issue was fully subscribed. All the money was duly received except the first and final call on $\displaystyle 1{,}000$ equity shares. These shares were forfeited. On forfeiture of these shares Calls in Arrears Account will be :
Official answer
(C)
credited by ₹ $\displaystyle 5{,}000$
Marking-scheme solution
(C)
-- credited by ₹$\displaystyle 5{,}000$
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CBSE Class 12 Accountancy past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.