Question

5.Vanya Ltd. forfeited 20,000 equity shares of 100 each for non-paymentof first and final call of 40 per share. The maximum amount of discountat which these shares can be re-issued will be :(a) 8,00,000 10 * 12,00,000 6e) 20,00,000 (d) *20,000​

Answer 1

Answer:

Please state your options clearly.

You can give discount upto amount of forfeiture.

It means you can allow discount upto ₹60 per share in this case. So the maximum discount will be = 20,000 shares × ₹60 = 12,00,000