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CA CPT 2016 June Question Paper Fundamentals of Accounting for online practice

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Question : 54

Total: 60

Oye Ltd. Issued 10,000 equity shares of Rs. 100 each at a premium of 20%. The money ispayable as Rs.30 (including premium) on application, Rs.50 on allotment, Rs.20 on First call& Rs.20 on Final call. The company received applications for 15,000 shares and allotmentwas made on prorata. H, the holder of 400 shares failed to pay allotment money and on hissubsequent failure to pay the 1st call money, the company forfeited his shares. The amountto be transferred to Share Forfeiture A/c at the time of forfeiting his shares will be:

12,000
32,000
Nil
10,000

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