Question

A Company forfeited 4,000 shares of ₹10 each on which application money of ₹3 has

been paid. Out to these 2,000 shares were reissued as fully paid up and ₹2,000 has

been transferred to capital reserve. Calculate the rate at which these shares were

reissued.

a. 10 per share

b. 9 per share

c. 11 per share

d. 8 per share​

Answer 1

b) 9 per share

This is the your correct answer