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  5. Accounting For Share Capital

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 fully called up, for non-payment of final call of Rs.3 per share. All the shares were reissued at Rs.9 per share, fully paid up. Amount to be transferred to capital reserve will be

    A) 3000

    B) 3500

    C) 500

    D) 4500

    Correct Answer: A

    Solution :

    3000


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