Accountancy, asked by tomsony10, 4 months ago

a company forfeited 4,000 shares of'10 each on which application money of 3 has beenpaid. out of these 2,000 shares were reissued as fully paid up and 4000 has been transfered to capital reserve. calculate the rate at which these share were reissued ? pls explaain too​

Answers

Answered by sangeeta9470
27

Answer:

₹3 has been received on these share

share forfeiture balance is 4000×3=12000

share reissued 2000

profit on 4000share 12000

profit on 2000 share 12000/4000×2000

= 6000

(-) amount transferred to capital reserve 4000

loss on reissue (6000-4000)=2000

face value of reissued share =20000

(-) loss on reissue = 2000

issue price =18000

issue price per share =18000/2000

=₹9 per share

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