12th Class
Accountancy
Accounting For Share Capital
Question Bank
MCQs - Accounting for Share Capital
question_answer
Gagan Ltd. Reissued 600shares (50% of forfeited shares) of Rs.20 each, at Rs.16 fully paid up. Amount transferred to capital reserve Rs.3,600. Share Forfeiture Account will be credited with Rs.__________ (at the time of forfeiture)