Question

4. Y Ltd. forfeited 300 shares of 10 each, fully called up, on which 6 per share was received. These
shares were subsequently reissued for 12 per share as fully paid up. The amount transferred to Capital
reserve is:
(a) 1,800
(b) 2,400
(c) 1,200
(d) 3,600

Answer 1

Answer:

b

Explanation:

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Answer 2

(c) 1,200

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