# Calculate the following.

1) One shareholder holding 500 equity shares paid share application money @ ₹ 3 Allotment money @ ₹ 4 per share and failed to pay final call of ₹ 3 per share, his shares were forfeited. Calculate the amount of share forfeiture.
Solution:
Amount of forfeiture = Amount received by company (In case of non-payment of ‘calls’)
Here, shareholder paid  ₹ 3 per share on application and ₹ 4 per share on allotment on 500 shares. So, total amount received by company.
= 500 × ₹  3 + 500 × ₹ 4
= 1,500 + 2,000
= ₹ 3,500.
∴ Amount of share forfeiture =  ₹ 3,500.

2) 10000 equity shares of ₹ 10 each issued at 10% premium. Calculate the total amount of share premium.
Solution:
Equity shares = 10,000
Face value = ₹ 10 per share
Premium @ 10 % = 10,000 × 10 × (10/100) = ₹ 10,000.
So, premium 10,000 shares of ₹ 10 each at 10 % = ₹ 10,000.

3) Company received an excess application for 5000 shares @ ₹4 per share. Applications of 1000 shares were rejected and a pro-rata allotment was made. Calculated the amount of application money adjusted with allotment.
Solution:

 Excess application money received for 5000 shares @ ₹ 4 per share = ₹ 20,000 Less: Application of 1000 shares rejected and money refunded = ₹ 4,000 Excess money received to be adjusted with allotment ₹ 16,000

4) 80000 Equity shares of ₹ 10 each issued and fully subscribed and called up at 20% premium. Calculate the amount of Equity share Capital.
Solution:
Equity Share capital = No. of equity shares × face value of each share
= 80,000 × ₹ 10
= ₹ 8,00,000
Note: Equity Share capital has no concern with premium or discount amount.

5) Directors issued 20000 equity shares of ₹ 100 each at par. These were fully subscribed and called up. All money received except one shareholder holding 100 equity shares failed to pay final call of ₹ 20 per share. Calculate the amount of paid-up capital of the company.
Solution:
Fully subscribed and called-up amount = 20,000 equity shares × ₹ 100 each share
= ₹ 20,00,000
But one shareholder failed to pay final call of ₹ 20 per share of 100 equity shares means Non-payment of shares = 100  equity shares × ₹  20 per share = ₹ 2,000
∴ Total Paid-up capital amount = ₹ 20,00,000 – ₹ 2,000
= ₹ 19,98,000

6) Company sends Regret letter for 100 shares and Allotment letter to 25000 shareholders. Application money was ₹ 20 per share. Calculate the amount of application money which company is refunding.
Solution:
Company send Regret letter for 100 shares for ₹ 20 per share application money received
i.e. only that much amount company will refund.
Amount of refund = No. of shares ×  Value of per share
= 100 × ₹ 20
= ₹ 2,000
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