{"id":46136,"date":"2024-04-15T22:08:02","date_gmt":"2024-04-15T22:08:02","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=46136"},"modified":"2024-04-15T22:08:02","modified_gmt":"2024-04-15T22:08:02","slug":"ab-co-ltd-forfeited-rs-800-on-100-shares-of-rs-10-each-fully-paid-out-of-the-forfeited-shares-50-shares-were-issued-for-rs-5-each-as-fully-paid-the-amount-to-be-transferred-to-capital-reserve","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/ab-co-ltd-forfeited-rs-800-on-100-shares-of-rs-10-each-fully-paid-out-of-the-forfeited-shares-50-shares-were-issued-for-rs-5-each-as-fully-paid-the-amount-to-be-transferred-to-capital-reserve\/","title":{"rendered":"AB Co. Ltd. forfeited Rs. 800 on 100 shares of Rs. 10 each fully paid. Out of the forfeited shares, 50 shares were issued for Rs. 5 each as fully paid. The amount to be transferred to capital reserve will be:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 800&#8243; option2=&#8221;Rs. 150&#8243; option3=&#8221;Rs. 650&#8243; option4=&#8221;Rs. 350&#8243; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is: C. Rs. 650<\/p>\n<p>Explanation:<br \/>\nThe amount to be transferred to capital reserve is the difference between the amount received on the reissue of the forfeited shares and the amount originally received on the issue of the shares. In this case, the amount received on the reissue of the shares is Rs. 250 (50 shares x Rs. 5 each), and the amount originally received on the issue of the shares is Rs. 1000 (100 shares x Rs. 10 each). Therefore, the amount to be transferred to capital reserve is Rs. 650 (Rs. 1000 &#8211; Rs. 250).<\/p>\n<p>Option A is incorrect because it is the total amount of the forfeiture.<br \/>\nOption B is incorrect because it is the amount received on the reissue of the forfeited shares.<br \/>\nOption D is incorrect because it is the amount originally received on the issue of the shares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 800&#8243; option2=&#8221;Rs. 150&#8243; option3=&#8221;Rs. 650&#8243; option4=&#8221;Rs. 350&#8243; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-46136","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AB Co. Ltd. forfeited Rs. 800 on 100 shares of Rs. 10 each fully paid. Out of the forfeited shares, 50 shares were issued for Rs. 5 each as fully paid. The amount to be transferred to capital reserve will be:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/ab-co-ltd-forfeited-rs-800-on-100-shares-of-rs-10-each-fully-paid-out-of-the-forfeited-shares-50-shares-were-issued-for-rs-5-each-as-fully-paid-the-amount-to-be-transferred-to-capital-reserve\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AB Co. Ltd. forfeited Rs. 800 on 100 shares of Rs. 10 each fully paid. Out of the forfeited shares, 50 shares were issued for Rs. 5 each as fully paid. The amount to be transferred to capital reserve will be:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Rs. 800&#8243; option2=&#8221;Rs. 150&#8243; option3=&#8221;Rs. 650&#8243; option4=&#8221;Rs. 350&#8243; correct=&#8221;option3&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/ab-co-ltd-forfeited-rs-800-on-100-shares-of-rs-10-each-fully-paid-out-of-the-forfeited-shares-50-shares-were-issued-for-rs-5-each-as-fully-paid-the-amount-to-be-transferred-to-capital-reserve\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T22:08:02+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"AB Co. Ltd. forfeited Rs. 800 on 100 shares of Rs. 10 each fully paid. Out of the forfeited shares, 50 shares were issued for Rs. 5 each as fully paid. The amount to be transferred to capital reserve will be:","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/ab-co-ltd-forfeited-rs-800-on-100-shares-of-rs-10-each-fully-paid-out-of-the-forfeited-shares-50-shares-were-issued-for-rs-5-each-as-fully-paid-the-amount-to-be-transferred-to-capital-reserve\/","og_locale":"en_US","og_type":"article","og_title":"AB Co. Ltd. forfeited Rs. 800 on 100 shares of Rs. 10 each fully paid. Out of the forfeited shares, 50 shares were issued for Rs. 5 each as fully paid. The amount to be transferred to capital reserve will be:","og_description":"[amp_mcq option1=&#8221;Rs. 800&#8243; option2=&#8221;Rs. 150&#8243; option3=&#8221;Rs. 650&#8243; option4=&#8221;Rs. 350&#8243; correct=&#8221;option3&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/ab-co-ltd-forfeited-rs-800-on-100-shares-of-rs-10-each-fully-paid-out-of-the-forfeited-shares-50-shares-were-issued-for-rs-5-each-as-fully-paid-the-amount-to-be-transferred-to-capital-reserve\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T22:08:02+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/ab-co-ltd-forfeited-rs-800-on-100-shares-of-rs-10-each-fully-paid-out-of-the-forfeited-shares-50-shares-were-issued-for-rs-5-each-as-fully-paid-the-amount-to-be-transferred-to-capital-reserve\/","url":"https:\/\/exam.pscnotes.com\/mcq\/ab-co-ltd-forfeited-rs-800-on-100-shares-of-rs-10-each-fully-paid-out-of-the-forfeited-shares-50-shares-were-issued-for-rs-5-each-as-fully-paid-the-amount-to-be-transferred-to-capital-reserve\/","name":"AB Co. Ltd. forfeited Rs. 800 on 100 shares of Rs. 10 each fully paid. Out of the forfeited shares, 50 shares were issued for Rs. 5 each as fully paid. The amount to be transferred to capital reserve will be:","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T22:08:02+00:00","dateModified":"2024-04-15T22:08:02+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/ab-co-ltd-forfeited-rs-800-on-100-shares-of-rs-10-each-fully-paid-out-of-the-forfeited-shares-50-shares-were-issued-for-rs-5-each-as-fully-paid-the-amount-to-be-transferred-to-capital-reserve\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/ab-co-ltd-forfeited-rs-800-on-100-shares-of-rs-10-each-fully-paid-out-of-the-forfeited-shares-50-shares-were-issued-for-rs-5-each-as-fully-paid-the-amount-to-be-transferred-to-capital-reserve\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/ab-co-ltd-forfeited-rs-800-on-100-shares-of-rs-10-each-fully-paid-out-of-the-forfeited-shares-50-shares-were-issued-for-rs-5-each-as-fully-paid-the-amount-to-be-transferred-to-capital-reserve\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"accounting","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/accounting\/"},{"@type":"ListItem","position":4,"name":"AB Co. Ltd. forfeited Rs. 800 on 100 shares of Rs. 10 each fully paid. Out of the forfeited shares, 50 shares were issued for Rs. 5 each as fully paid. The amount to be transferred to capital reserve will be:"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/46136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=46136"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/46136\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=46136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=46136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=46136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}