Question

2. A company Forfeited 1,000 shares of Rs 10 each , Rs 7 called up . For the non payment of Rs 2 First call .All these shares were reissued at Rs 5 per share . What will be Amount credited to share capital account at reissue:

a. 7,000 b. 10,000

c. 5,000 d. 2,000​

Answer 1

Answer:

1000×7=7000 is credit to share capital account