11 Questions
What was the par value of the shares issued by Shaktimaan Ltd.?
₹10 per share
What was the premium charged per share by Shaktimaan Ltd.?
₹2 per share
How much was payable on application for the shares of Shaktimaan Ltd.?
₹4 per share
What was the total number of shares applied for by the applicants?
1,80,000 shares
How many shares were rejected out of the total applications received?
30,000 shares
How many shares did Manthan hold before his shares were forfeited?
5,000 shares
At what premium were the forfeited shares re-issued?
₹3 per share
What was the total amount that Manthan failed to pay as call money?
₹15,000
What was the total amount received from the re-issue of the forfeited shares?
₹8,000
What was the total number of shares that were allotted on a pro-rata basis?
70,000 shares
What was the total amount received from the issue of shares by Shaktimaan Ltd.?
₹5,50,000
Test your knowledge on interest on capital in accounting with this quiz. Questions include scenarios like taking over assets through bank drafts and issuing shares at a premium. Choose the correct options and entries for different accounting transactions.
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