Question

05. 400 shares of 10, on which 8 has been called and has been paid, are
forfeited. Out of these, 300 shares are re-issued for 9 as fully paid. What is
the amount to be transferred to Capital Reserve Account?
(B) 1,600
(D) 1,700
(A) 1,200
(C) 2,000​

Answer 1

Answer:

option (D) 1,700

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