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?