Question

21. Bayson Ltd. forfeited 1,000 shares of Rs.10 cach (Rs.8 colled-up) for non-payment of
allotment money of Rs.5 per share (including Rs.2 as premium). Of these 800 shares we
reissued to Mohan at Rs.7 per share as Rs.8 called-up. Rs.3,200 has been transferred to
Capital Reserve. Calculate the amount left in Forfeited shares Account after reissue.
A. Rs.800
B. Rs.900 C. Rs.1,200 D. Rs.1,000

Answer 1

Answer:

D) is a right answer

Explanation:

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