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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 4 · Set 2 · Q5
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…
Vishant Ltd. invited applications for issuing $\displaystyle 6,000$ equity shares of ₹ $\displaystyle 10$ each at $\displaystyle 10$% premium. The issue was fully subscribed. The amount per share was payable as follows : On application - ₹ $\displaystyle 3$, on allotment - ₹ $\displaystyle 3$ (including premium), on first call - ₹ $\displaystyle 3$ and on final call - ₹ 2. As fish the holder of $\displaystyle 200$ shares paid the entire money along with allotment. The total amount received on allotment was :
M Ltd. forfeited $\displaystyle 5,000$ equity shares of ₹ $\displaystyle 10$ each issued at a premium of $\displaystyle 10$% for non-payment of final call of ₹ $\displaystyle 2$ per share. The minimum amount at which these shares can be reissued as fully paid up will be :
Official answer
(a) → (B)
(b) → (B)
Marking-scheme solution
(B)
₹$\displaystyle 19,000$
Or
Q. (b) M Ltd. forfeited ……………………………………
Ans. (B) ₹$\displaystyle 10,000$
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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.