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If a share of Rs. 10 Issued at a discount of 10%, on which full amount has been called up, is forfeited for non-payment of final call of Rs. 2, the share capital account should be debited by:

If a share of Rs. 10 Issued at a discount of 10%, on which full amount has been called up, is forfeited for non-payment of final call of Rs. 2, the share capital account should be debited by: Correct Answer Rs. 10

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If a share of Rs. 100 issued at a discount of Rs. 5 of which full amount has been called up is forfeited for nonpayment of final call of Rs. 20, the share capital account will be debited by
Under Section 95 of the Code of Criminal Procedure, 1973, certain publications can be forfeited and search warrant can be issued for the same. In this context, which of the following is/are the correct legal proposition?
1. A news paper cannot be forfeited and search warrant cannot be issued for the same as it would be violative of the fundamental right of speech and expression
2. A book can be forfeited and search warrant can be issued for the same
3. A document can be forfeited and search warrant can be issued for the same
Select the correct answer:
Under section 95 of Criminal Procedure Code certain publications can be forfeited and search warrant can be issued for the same. In this context, the propositions are
1. A newspaper cannot be forfeited and search warrant cannot be issued for the same as it would be violative of the fundamental right of speech and expression and involves the fourth estate.
2. A book can be forfeited and search warrant can be issued for the same.
3. A document can be forfeited and search warrant can be issued for the same.
Which of the following is correct
A company issued 1,00,000 equity shares of the face value of Rs. 100 each at Rs. 100 per share. So far Rs. 75 per share has been called up including Rs. 25 on allotment and Rs. 25 on first call. X to whom 200 shares were issued failed to pay the first call. His shares were forfeited and re-issued to Y at Rs. 70 per share as fully paid-up. The amount to be transferred to Capital Reserve a/c would be:
X co. Ltd. forfeited 1,000 shares of Rs. 10 each fully called up for non-payment of final call of Rs. 1 per share. 400 of forfeited shares are reissued as fully paid at Rs. 8 per share. The balance of forfeited share account will be:
Mr. X forfeited 100 share of Rs. 10 each on which payment of Rs. 2 per share in the first call and Rs. 3 per share in the final call was not received. These shares were re-issued at a deduction of Rs. 1.50 paise per share. Amount transferred to capital reserve will be
A limited liability company forfeited 30 shares of Rs. 10 each (fully called-up) for non payment of allotment amount of Rs. 3 per share and call amount of Rs. 4 per share. These shares were re-issued at Rs. 8 per share. In such situation amount transferred to capital reserve will be
A share of Rs. 20 originally issued at a discount of Rs. 2, was forfeited and the amount received on it was Rs. 4. The maximum discount on reissue of such forfeited share will be
A Ltd. forfeited 500 shares of M of Rs. 10 each fully called-up for non-payment of first call of Rs. 2 per share and final call of Rs. 2 per share. 300 of these shares were reissued at 9 per share, fully paid-up. What amount will be transferred to the Capital Reserve A/c?
If a share of Rs. 10 each on which Rs. 8 has been called and Rs. 6 is paid is forfeited then, the share capital account should be debited with