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12th Class Accountancy Accounting For Share Capital Question Bank MCQs - Accounting for Share Capital

  • question_answer
    X Ltd. forfeited 1000 shares of Rs.10 each fully called up for non-payment of final call of Rs.2 per share. All these shares were reissued in such a way that amount transferable to capital reserve will be 6000. Reissue Price of these share will be:

    A) 8

    B) 10

    C) 2

    D) 6

    Correct Answer: A

    Solution :

    8


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