Back to Accounting For Companies
Question 1 of 20
Random Accountancy - Accounting For Companies Practice
20 randomly selected questions from Accounting For Companies topics
Progress: 0%
Success Rate: 0%
Question 1
accounting-for-companies > accounting-for-share-capital
On 1st April, 2012, Blue Heaven Ltd. was formed with an authorised capital of Rs 20,00,000 (2,00,000 equity shares of Rs 10 each). Applications were received for 1,70,000 shares. Rs 8 per share were called. Arun (2,000 shares) and Varun (4,000 shares) did not pay the first call of Rs 2 per share. Varun's shares were forfeited after the first call. Later, 3,000 of the forfeited shares were re-issued at Rs 6 per share, Rs 8 called up. Show: (a) Share Capital in the Balance Sheet; (b) Notes to Accounts.
0 of 20 answered
Random Practice Session
Questions Answered0 / 20
Correct Answers0
Session Success Rate0%
Random Practice Ready! 🎯
Community Stats
Active Learners31
Questions Attempted604
Community Success Rate70%
Track Your Random Practice
Sign up to save your random practice progress and compare your performance across different categorys.