Issue of shares-arrears
Presentation
•
Education
•
12th Grade
•
Hard
Nimmy Reny
Used 1+ times
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3 Slides • 4 Questions
1
Issue of shares-arrears
2
Objective:
To calculate the amount of call in arrears dueto non payment of call money.
3
Multiple Choice
First call amount in advance from the shareholders before it is actually called up is _________.
Debited to call- in -advance
credited to allotment a/c
debited to first calla/c
credited to call-in-advance
4
Calculation of Call -in arrears
Kiran Ltd. issued 60,000 of Rs.10 each at a premium of 2 per share payable as :
3 on application,
5 (incl. premium) on allotment and
balance on first and final call.
Application received for 82000. shares.
The directors resolved to allot as follow:
Application of 30,000 shares = 20,000 shares
Applicant of 50,000 shares = 40,000 shares
Applicant of 2000 shares = Nil.
Ramesh ,who had applied for 900 shares in category (a) and
Suresh ,who alloted 600 shares in category (b) failed to pay allotment money. Calculate amount of calls in arrears and total allotment due
5
Multiple Choice
Ambrish Ltd offered 1000 Equity Shares of ₹10 each, of these 990 shares were subscribed. The amount was payable as ₹3 on application, ₹4 an allotment and balance on first call. If a shareholder holding 30 shares has defaulted on first call, what is the amount of money received on first call?
2910
2,970
3000
90
6
Multiple Choice
Ambrish Ltd offered 1000 Equity Shares of ₹10 each, of these 990 shares were subscribed. The amount was payable as ₹3 on application, ₹4 an allotment and balance on first call. If a shareholder holding 30 shares has defaulted on first call, what is the amount of money received on first call?
2910
2,970
3000
90
7
Multiple Choice
Green Ltd. had alloted shares to the applicants of 14000 shares on pro rata basis. the amount payable on application is Rs. 2/-.
Mohan applied for 420 shares.
Find the number of shares alloted to Mohan and the allotment due.
60 shares ; Rs. 120
320 shares; Rs. 200
300 shares Rs. 240
340 shares, Rs. 100
Issue of shares-arrears
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