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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)

    A) 2,400

    B) 6,000

    C) 12,000

    D) 2,400

    Correct Answer: C

    Solution :

    12,000


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