Question

106. Harish Ltd. forfeited 500 shares of Rs.100 each issued at 40% premium (Rs.70 called up)
on which application & allotment of Rs.80 each (including premium) has been received.
Out of these, 200 shares were reissued for Rs.65 per share (Rs.70 paid up). What is the
amount to be transferred to Capital Reserve?
(h) Rs 4.500
(c) Rs.2.000
(d) Rs. 7,000
Cal R. 15 000

Answer 1

Answer:

a) 12000

b) 4890

c) 16000

d) 19000

this is the correct answer