Question:
A company forfeited 100 shares of \( \₹ 10 \) each issued at par for non-payment of final call of \( \₹ 2 \) per share. The amount forfeited will be:
A company forfeited 100 shares of \( \₹ 10 \) each issued at par for non-payment of final call of \( \₹ 2 \) per share. The amount forfeited will be:
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Forfeited amount = Amount already paid by shareholders before default.
Updated On: May 31, 2026
- \( \₹ 200 \)
- \( \₹ 800 \)
- \( \₹ 1,000 \)
- \( \₹ 1,200 \)
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The Correct Option is B
Solution and Explanation
Concept:
Share forfeiture amount equals the amount already received from shareholders before forfeiture.
Step 1: Calculate amount received per share.
Face value per share: \[ ₹10 \] Final call unpaid: \[ ₹2 \] Amount received per share: \[ 10 - 2 = ₹8 \]
Step 2: Calculate total forfeited amount.
\[ 100 \times 8 = ₹800 \] Hence, \[ \boxed{₹800} \]
Step 1: Calculate amount received per share.
Face value per share: \[ ₹10 \] Final call unpaid: \[ ₹2 \] Amount received per share: \[ 10 - 2 = ₹8 \]
Step 2: Calculate total forfeited amount.
\[ 100 \times 8 = ₹800 \] Hence, \[ \boxed{₹800} \]
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