Mayfair Ltd. forfeited 2,000 shares of Rs.10 each, Rs.7 called up, on which only Rs. 4 pershare (including Rs.2 premium) and Rs.2 per share on first call has not been paid. Out of these500 shares were re-issued as fully paid that Rs. 750 was transferred to Capital Reserve. On re-issue, how much amount will be transferred to Bank A/c?(a) Rs. 3,250(b) Rs. 4,250(c) Rs. 2,250(d) Rs. 5,50014. David and Garry are partners in a firm with capitals of Rs. 90,000 and Rs. 80,000respectively. Zenith brings Rs.70,000 as his capital for 1/4th share in profits. Zenith’s share ofgoodwill will be:(a) Rs. 34,000.(b) Rs. 29,000.(c) Rs.10,000.(d) Rs.14,000

A company forfeited 3,000 shares of ₹10 each, on which only ₹5 per share (including ₹1 premium) hasbeen paid. Out of these few shares were re-issued at a discount of ₹1 per share were and ₹6,000 weretransferred to Capital Reserve. How many shares were re-issued?a) 3,000 sharesb) 1,000 sharesc) 2,000 sharesd) 1,500 shares

If 10,000 shares of ₹10 each were forfeited for non-payment of final call money of ₹3 per share andonly 7,000 of these shares were re-issued @₹ 11 per share as fully paid up, then what is the minimumamount that company must collect at the time of re-issue of the remaining 3,000 shares?a) ₹ 21,000b) ₹ 9,000c) ₹ 16,000d) ₹ 30,000

ABC limited issued 1000 shares of rupees 10 each to Ram at a premium of Rs 5 per share .Ramhad paid rupees 3 per share on application and Rs 8( including premium )on allotment butcould not pay rupees 2 on first call and rupees 2 on final call. The director forfeited his sharesand reissued to Jaggu as rupees 8 for fully paid. pass necessary journal entries

Co. Ltd. issucd 15,000 shares of 100 each at a discount of 20 pershare payable as follows20 on Application50 on Allotment (including discount)30 on Call.Application were received for 18,000 shares, excess application money wererefundedA shareholder holding 1,000 shares did not pay call money. His shares wereforfeited after call. Out of these 600 shares were re-issued to Mr. Roy

A B and C were partners in a firm sharing profits in the ratio of 3:2:1. B was guaranteeda profitof ₹ 2,00,000 During the year the firm earned a profit of ₹ 84,000, Calculate thenetamount ofProfitorLoss transferredto theCapitalAccounts of AandC.(a)₹87,000 (b)₹29,000 (c)₹25,000 (d)₹75,000