Accounting: Interest on Capital Quiz
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Questions and Answers

What was the par value of the shares issued by Shaktimaan Ltd.?

  • ₹5 per share
  • ₹12 per share
  • ₹10 per share (correct)
  • ₹8 per share

What was the premium charged per share by Shaktimaan Ltd.?

  • ₹2 per share (correct)
  • ₹3 per share
  • ₹4 per share
  • ₹1 per share

How much was payable on application for the shares of Shaktimaan Ltd.?

  • ₹6 per share
  • ₹2 per share
  • ₹4 per share (correct)
  • ₹8 per share

What was the total number of shares applied for by the applicants?

<p>1,80,000 shares (A)</p> Signup and view all the answers

How many shares were rejected out of the total applications received?

<p>30,000 shares (A)</p> Signup and view all the answers

How many shares did Manthan hold before his shares were forfeited?

<p>5,000 shares (B)</p> Signup and view all the answers

At what premium were the forfeited shares re-issued?

<p>₹3 per share (B)</p> Signup and view all the answers

What was the total amount that Manthan failed to pay as call money?

<p>₹15,000 (A)</p> Signup and view all the answers

What was the total amount received from the re-issue of the forfeited shares?

<p>₹8,000 (D)</p> Signup and view all the answers

What was the total number of shares that were allotted on a pro-rata basis?

<p>70,000 shares (A)</p> Signup and view all the answers

What was the total amount received from the issue of shares by Shaktimaan Ltd.?

<p>₹5,50,000 (C)</p> Signup and view all the answers

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