A Ltd. forfeited 100 equity shares of Rs. 10 each issued at a premium of 20% for the non-payment of final call of Rs. 5 including premium. State the maximum amount of discount at which these shares can be re-issued. Post category:Accountancy Reading time:1 mins read SOLUTION These shares can be reissued at a maximum discount of Rs. 7 per share (i.e., Rs. 700). Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostIdentify the purpose of utilizing the ‘Security Premium Reserve’ that would maximise the return to shareholders. Next PostJoy Ltd. issued 1 ,00.000 equity shares of Rs. 10 each. The amount was payable as follows: You Might Also Like Gross Profit at 25% on cost; Gross profit Rs. 5,00,000; Equity Share Capital Rs. 10,00,000; Reserves and Surplus Rs. 2,00,000; Long-term Loan Rs. 3,00,000; Fixed Assets (Net) Rs. 10,00,000. Calculate Working Capital Turnover Ratio August 16, 2022 Compute Cash Flow from Operating Activities from the following: August 18, 2022 The current ratio of a company is 2: I. Stale giving reason whether purchase of goods on credit will increase, decrease or not change the ratio. (C.B.S.E. 2020. Delhi) October 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.