Q.1) Mayur Batteries Ltd offered to public 16000 equity shares of Rs 10 each at a premium of Rs 2 per share. The amount payable is as follows:

On application Rs 2 per share

On allotment Rs 5 per share including premium

On first call Rs 3 per share

On final Call Rs 2 per share

Applications were received for 32000 shares. 12000 shares were rejected and pro-rata allotment was made to 20000 applicants. Money overpaid on application was utilized for sums due on allotment.

Mr Atul who had applied for 200 shares and was allotted 160 shares, failed to pay the Allotment, I call and II call money due. After this his shares were forfeited and reissued to Mr Gokul for Rs 10 per share

A) What is the amount Transferred to Capital Reserve a/c ?

Rs 320

Rs 80

Rs 480

Rs 5

Rs 400

B)Compute the Excess amount received during application which has been transferred for allotment ?

Rs 32000

Rs 12000

Rs100

Rs 8000

Rs24000

C)What was the amount Transferred to Share Forfeiture A/c ?

Rs 400

Rs 320

Rs 80

Rs 480

Rs 20

D)Compute the Amount refunded to the rejected applicants ?

Rs 24000

Rs 8000

Rs 64000

Rs 32000

Rs 100

E)Compute the Amount refunded to the rejected applicants ?

Rs 24000

Rs 8000

Rs 64000

Rs 32000

Rs 100

F)Compute the amount received by the company on allotment ?

Rs 71280

Rs 80000

Rs 72000

Rs 64000

Rs 12000

G)What is the amount received by the company for the Final Call ?

Rs 30000

Rs 2000

Rs 31680

Rs 32000

Rs 48000