Question

12000 equity share of rs 100 each forfeited due to non-payment of re 40 per share. First & final call of Rs 30 per share not yet made.These share were reissued at rs 80 per share of rs 70 per share .which of the following forfeited amount will be transferred to capital reserve?

A)4,80,000
B)3,60,000
C)1,20,000
D)None of these

Answer 1

Explanation:

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