12th Class
Accountancy
Accounting For Share Capital
Question Bank
MCQs - Accounting for Share Capital
question_answer
X Ltd. forfeited 6000 shares of Rs.10 each on which Rs.7 has been called up and Rs.5 paid up. 4500 of these shares were reissued at Rs.5 per share, Rs.7 called up. Amount transfer to capital reserve will be: