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12th Class Accountancy Accounting For Share Capital Question Bank MCQs - Accounting for Share Capital

  • question_answer
    Rishi Ltd. Forfeited 1000 equity share of Rs.100 each issued at a premium of 20% for non-payment of final call of Rs.30 per share. State the maximum amount of discount which can be offered at the time of reissue:

    A) 1,30,000

    B) 30,000 

    C) 70,000

    D) 1,00,000

    Correct Answer: C

    Solution :

    70,000


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