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12th Class Accountancy Accounting For Share Capital Question Bank MCQs - Accounting for Share Capital

  • question_answer
    Nyra Ltd. issued 10,000 Equity Shares of Rs.10 each at a premium of 20%. Company has forfeited 250 shares on non-payment of allotment amount of Rs.5 (including premium), first and final call of Rs.3 is not yet called up. Calculate the amount to be shown in call-in-arrears account at the time of forfeiture of shares?

    A) 2,500

    B) 2,000

    C) 1,250

    D) 1,750

    Correct Answer: C

    Solution :

    1,250


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