Question

company forfeited 4,000 shares of `10 each on which application money of `3 has been paid. Out of these 2,000

shares were reissued as fully paid up and `4,000 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

1​

Answer 1

Answer:

right answer is

d. 8 pet share

Answer 2

the right answer is

`9 per share