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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, on which Rs.4000 has been paid up. 300 of these shares were reissued for a payment of 2400. Amount to be transferred to capital reserve will be:

    A) 2400

    B) Nil 

    C) 1800

    D) 1200

    Correct Answer: C

    Solution :

    1800


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