Accountancy, asked by svpadmavathi8557, 1 year ago

A company came out with a public issue of 1 lac shares of rs.10 each payable rs.4 as application money, rs.4 as allotment money and rs.2 as 1st and final call. the company has received applications for 2 lac shares. if the company decides to forfeit the partly paid shares, the amount that will be transferred to capital reserve account would b

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Answered by 27jenny

0

what is forfeit???plz explain then i will tell u the ans

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