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 ?

CA RICHA BADALIA

CA RICHA BADALIA (Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SHUBHANGI GOEL

Shailesh Prajapati

Adesh Mahajan

Angadi & Co

Jaipal Singh

Subscribe Now

Issue of share

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

Manager- Finance and Compliance

Accountant

Article Assistant

GST CONSULTANT