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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 1000 shares of Rs.10 each fully called up, for non-payment of final call of Rs.2 per share. 800 of these shares were reissued in such a way that amount transferable to capital reserve will be 6400. Reissue Price of these share will be:

    A) 8 

    B) 10

    C) 2

    D) 6

    Correct Answer: B

    Solution :

    10


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