CBSE 2026 · Region 3 · Set 1 · Q4

Paramount Ltd. forfeited $\displaystyle 2,000$ equity shares of $\displaystyle 100$ each, $\displaystyle 80$ t called up, issued at a premium of $\displaystyle 10$%, for non-payment of first call of $\displaystyle 20$ per share. On forfeiture of these shares, Equity Share T Capital Account will be ________ by ________.

OR

Rudali Ltd. invited applications for issuing $\displaystyle 2,00,000$ equity shares of $\displaystyle 10$ each at a premium of $\displaystyle 2$ per share. $\displaystyle 5$ per share (including T T premium) was payable on application. Applications for $\displaystyle 2,60,000$ shares were received. An applicant for $\displaystyle 5,000$ shares paid his entire share money along with application. The amount received on application was :