Issue of share
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2011
Q.Deepak Ltd. Forfeited 40 shares of Rs.100 each (Rs.60 called up) issued at par to mukesh on which he had paid Rs.20 per share. out of these 30 share were reissued to sujay as Rs.60 paid up for Rs.45 per share. amount transfer to capital reserve will be -----
Ans : 150
How to calculate ?
Ans : 150
How to calculate ?
19 October 2011
Rs.20*40=800 forfeited transferred to share forfeiture A/c
As Rs. 60 shares issued for Rs. 45 Loss= Rs.15
Transferred to capital reserve-
= 20*30=600
(As 30 shares reissued)
-loss of 15*30=450
Therefore Rs (600-450) 150 transferred to capital reserve.
As Rs. 60 shares issued for Rs. 45 Loss= Rs.15
Transferred to capital reserve-
= 20*30=600
(As 30 shares reissued)
-loss of 15*30=450
Therefore Rs (600-450) 150 transferred to capital reserve.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- ITR-Capital Gain
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Loss of interest in PF transfer from EPFO to Trust
- Taxation on Old jewellery sold
- Rent claimed on building given on permissive possession basis
- Traces submitting correction statement error
- Residential status of non resident
- Short Term Gain Reporting ITR
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- 44AD, 44ADA business details
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
