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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?

1,80,000 shares Signup and view all the answers

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

30,000 shares Signup and view all the answers

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

5,000 shares Signup and view all the answers

At what premium were the forfeited shares re-issued?

₹3 per share Signup and view all the answers

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

₹15,000 Signup and view all the answers

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

₹8,000 Signup and view all the answers

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

70,000 shares Signup and view all the answers

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

₹5,50,000 Signup and view all the answers