✓ Board-verified
Accountancy · 2026 · 1 mark
CBSE 2026 · Region 5 · Set 1 · Q3
Merak Ltd. forfeited $\displaystyle 6,000$ equity shares of T $\displaystyle 10$ each for non-payment of final call of $\displaystyle 3$ per share. The minimum amount per share at which these shares can be reissued will be :ORNori Ltd. issued $\displaystyle 20,000$, $\displaystyle 11$% debentures of $\displaystyle 100$ each at a premium of $\displaystyle 10$%, redeemable at a premium of $\displaystyle 5$%. Loss on issue of debentures account will be debited by :
OR
Nori Ltd. issued $\displaystyle 20,000$, $\displaystyle 11$% debentures of $\displaystyle 100$ each at a premium of $\displaystyle 10$%, redeemable at a premium of $\displaystyle 5$%. Loss on issue of debentures account will be debited by :Official answer
From CBSE’s own marking scheme for this paper.
(a) → (A)
(b) → (B)
Marking-scheme solution
(A)
₹ $\displaystyle 3$
OR
Q.(b) Nori Ltd. issued $\displaystyle 20,000$, $\displaystyle 11$% debentures………………..Ans. (B) ₹ $\displaystyle 1,00,000$
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…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…2026
- Mayank Ltd. invited applications for issuing 70,000 equity shares of f 100 each. The amount was payable as…2025
- Lotus Ltd. invited applications for issuing 80,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share.…2023
- If a share of ₹ 100 on which ₹ 70 has been paid is forfeited, then at which minimum price can it be…2024
- Ajanta Ltd. invited applications for issuing 30,000 equity shares of T 10 each at a premium of 5 per share.…2026
- Vishant Ltd. invited applications for issuing 6,000 equity shares of ₹ 10 each at 10% premium. The issue was…2024
CBSE Class 12 Accountancy past-paper question from the 2026board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.