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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.8 called up; and Rs.6 paid up. 300 of these shares were reissued at Rs.8 per share as fully paid up. Amount to be transferred to capital reserve will be:

    A) 2600

    B) Nil

    C) 1400

    D) 1200

    Correct Answer: D

    Solution :

    1200


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