12th Class
Accountancy
Accounting For Share Capital
Question Bank
MCQs - Accounting for Share Capital
question_answer
X Ltd. forfeited 500 shares of Rs.10 each, Rs.7 called up, for non-payment of first call of Rs.3 per share. 300 of these shares were reissued at Rs.6 per share as fully paid up. Amount to be transferred to capital reserve will be: