Question

19. 250 shares of 20 each on which first
and final call of * 6 per share is not paid
is forfeited. Out of these, 200 shares are
reissued for 14 per share fully paid up.
The amount transferred to capital reserve
will be:
(a) 1,800
(b) 1.200
(c) * 2,800
(d) 1,600
​

Answer 1

Answer:

1.800 is your answer

Explanation:

please mark me brainlist

Answer 2

Note:

Called up value of 200 Shares @ 14 per share = 2,800

Company’s loss on this forfeiture is 6 per share

Value of 200 shares re-issued @ 14 per share = 2,800

Adjustment of forfeiture loss @ 6 per share = 1200

Excess received for 200 shares @ 8 per share = 1,600

So this amount of 1,600 will be transferred to Capital Reserve A/c