{"id":56589,"date":"2024-04-16T00:47:17","date_gmt":"2024-04-16T00:47:17","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=56589"},"modified":"2024-04-16T00:47:17","modified_gmt":"2024-04-16T00:47:17","slug":"a-limited-company-forfeited-100-share-fully-called-up-for-non-payment-of-rs-4-per-share-out-of-these-50-share-were-re-issued-at-rs-8-per-share-what-will-be-amount-transferred-to-capital-reserve","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-limited-company-forfeited-100-share-fully-called-up-for-non-payment-of-rs-4-per-share-out-of-these-50-share-were-re-issued-at-rs-8-per-share-what-will-be-amount-transferred-to-capital-reserve\/","title":{"rendered":"A limited company forfeited 100 share (fully called-up) for non-payment of Rs. 4 per share. Out of these 50 share were re-issued at Rs. 8 per share. What will be amount transferred to capital reserve"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 800&#8243; option2=&#8221;Rs. 200&#8243; option3=&#8221;Rs. 250&#8243; option4=&#8221;Rs. 100&#8243; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is: D. Rs. 100<\/p>\n<p>Explanation:<\/p>\n<p>The amount transferred to capital reserve is the difference between the amount received on reissue of forfeited shares and the amount originally paid on those shares. In this case, the amount received on reissue is Rs. 400 (50 shares x Rs. 8 per share), and the amount originally paid is Rs. 400 (100 shares x Rs. 4 per share). Therefore, the amount transferred to capital reserve is Rs. 100.<\/p>\n<p>Option A is incorrect because it is the total amount received on reissue of forfeited shares.<\/p>\n<p>Option B is incorrect because it is the total amount originally paid on forfeited shares.<\/p>\n<p>Option C is incorrect because it is the average of the amount received on reissue of forfeited shares and the amount originally paid on those shares.<\/p>\n<p>Option D is the correct answer because it is the difference between the amount received on reissue of forfeited shares and the amount originally paid on those shares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 800&#8243; option2=&#8221;Rs. 200&#8243; option3=&#8221;Rs. 250&#8243; option4=&#8221;Rs. 100&#8243; correct=&#8221;option4&#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-56589","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>A limited company forfeited 100 share (fully called-up) for non-payment of Rs. 4 per share. Out of these 50 share were re-issued at Rs. 8 per share. What will be amount transferred to capital reserve<\/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\/a-limited-company-forfeited-100-share-fully-called-up-for-non-payment-of-rs-4-per-share-out-of-these-50-share-were-re-issued-at-rs-8-per-share-what-will-be-amount-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=\"A limited company forfeited 100 share (fully called-up) for non-payment of Rs. 4 per share. Out of these 50 share were re-issued at Rs. 8 per share. What will be amount transferred to capital reserve\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Rs. 800&#8243; option2=&#8221;Rs. 200&#8243; option3=&#8221;Rs. 250&#8243; option4=&#8221;Rs. 100&#8243; correct=&#8221;option4&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/a-limited-company-forfeited-100-share-fully-called-up-for-non-payment-of-rs-4-per-share-out-of-these-50-share-were-re-issued-at-rs-8-per-share-what-will-be-amount-transferred-to-capital-reserve\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T00:47:17+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":"A limited company forfeited 100 share (fully called-up) for non-payment of Rs. 4 per share. Out of these 50 share were re-issued at Rs. 8 per share. What will be amount transferred to capital reserve","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\/a-limited-company-forfeited-100-share-fully-called-up-for-non-payment-of-rs-4-per-share-out-of-these-50-share-were-re-issued-at-rs-8-per-share-what-will-be-amount-transferred-to-capital-reserve\/","og_locale":"en_US","og_type":"article","og_title":"A limited company forfeited 100 share (fully called-up) for non-payment of Rs. 4 per share. Out of these 50 share were re-issued at Rs. 8 per share. What will be amount transferred to capital reserve","og_description":"[amp_mcq option1=&#8221;Rs. 800&#8243; option2=&#8221;Rs. 200&#8243; option3=&#8221;Rs. 250&#8243; option4=&#8221;Rs. 100&#8243; correct=&#8221;option4&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/a-limited-company-forfeited-100-share-fully-called-up-for-non-payment-of-rs-4-per-share-out-of-these-50-share-were-re-issued-at-rs-8-per-share-what-will-be-amount-transferred-to-capital-reserve\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-16T00:47:17+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\/a-limited-company-forfeited-100-share-fully-called-up-for-non-payment-of-rs-4-per-share-out-of-these-50-share-were-re-issued-at-rs-8-per-share-what-will-be-amount-transferred-to-capital-reserve\/","url":"https:\/\/exam.pscnotes.com\/mcq\/a-limited-company-forfeited-100-share-fully-called-up-for-non-payment-of-rs-4-per-share-out-of-these-50-share-were-re-issued-at-rs-8-per-share-what-will-be-amount-transferred-to-capital-reserve\/","name":"A limited company forfeited 100 share (fully called-up) for non-payment of Rs. 4 per share. 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