If a share of ₹10 issued at a premium of ₹2 per share, on which ₹8 (including premium) has been called and ₹6 (including premium) has been paid by the shareholder, is forfeited, then Share Capital Account will be debited with:

Question

Let \(y=y(x)\) be the solution of the differential equation \[ x\frac{dy}{dx}=y-x^2\cot x,\quad x\in(0,\pi) \] If \(y\!\left(\frac{\pi}{2}\right)=\frac{\pi^2}{2}\), then \[ 6y\!\left(\frac{\pi}{6}\right)-8y\!\left(\frac{\pi}{4}\right) \] is equal to:

Answer 1

To determine the debit amount to the Share Capital Account upon share forfeiture, follow these steps:Step 1: Identify the nominal value per share. The nominal value is ₹10.Step 2: Calculate the called-up amount, excluding any premium. The total called-up amount is ₹8, which includes a ₹2 premium. Therefore, the called-up amount attributable to the share capital is:\[\text{Called-up Capital} = ₹8 - ₹2 = ₹6.\]Step 3: Debit the Share Capital Account by the called-up capital amount. As the shareholder has paid ₹6 (inclusive of the premium), the entire called-up capital amount of ₹6 will be debited to the Share Capital Account upon forfeiture.Final Answer: The Share Capital Account will be debited by ₹6.

If a share of ₹10 issued at a premium of ₹2 per share, on which ₹8 (including premium) has been called and ₹6 (including premium) has been paid by the shareholder, is forfeited, then Share Capital Account will be debited with:

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The Correct Option is D

Solution and Explanation

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