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  3. 12th Class
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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 800 shares of Rs.10 each fully called up, for non-payment of final call of Rs.2 per share. All the shares were reissued to Y as fully paid up for Rs.12 per share. Amount to be transferred to capital reserve will be:

    A) 6400

    B) 1600

    C) 8000

    D) 9600

    Correct Answer: A

    Solution :

    6400


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