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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, Rs.7 called up, for non-payment of first call of Rs.3 per share. 300 of these shares were reissued at Rs.6 per share as Rs.7 paid up. Amount to be transferred to capital reserve will be

    A) 1700

    B) 900

    C) 1800

    D) 2100

    Correct Answer: B

    Solution :

    900


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