Forfeiture of Shares Questions

Match List-I with List-II and choose the correct answer from the options given below:List-I (Name of account to be debited or credited, when shares are forfeited)(A) Share Capital Account(B) Share Forfeited Account(C) Calls-in-arrears Account(D) Securities Premium AccountList-II (Amount to be debited or credited)(I) Debited with amount not received(II) Credited with amount not received(III) Credited with amount received towards share capital(IV) Debited with amount called up

$400$ shares of $\text{₹ }50$ each issued at par were forfeited for non-payment of final call of $\text{₹ }10$ per share. These shares were reissued at $\text{₹ }45$ per share as fully paid-up. The amount transferred to capital reserve is:

Shares can be forfeited:

The profit on reissue of forfeited shares is transferred to which of the following accounts?

A share of $\text{Rs. }10$ was issued at a premium of $\text{Rs. }3$. $\text{Rs. }3$ was payable on application and $\text{Rs. }5$ was payable on allotment (including premium). A shareholder who had applied for $100$ shares was allotted only $50$ shares and due to non-payment of allotment money, his shares were forfeited. In this case, the amount to be debited to Securities Premium A/c on forfeiture of these shares is: