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

  • question_answer
    X Ltd. forfeited 6000 shares of Rs.10 each on which Rs.7 has been called up and Rs.5 paid up. 4500 of these shares were reissued at Rs.5 per share, Rs.7 called up. Amount transfer to capital reserve will be:

    A) 13,500

    B) 22,500

    C) 9,000

    D) 17,500

    Correct Answer: A

    Solution :

    13,500


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