Question

Gagan Ltd.reissued 800 (80% of the Forfeited shares) equity shares of Rs 10 each which were forfeited due
to non payment of allotment money and first and final call, now reissued for 12 each fully paid up
premium. Amount transferred to capital Reserve 4.800.
What was the amount credited to Share Forfeiture A cat the time of forfeiture of shares
(a) 6.000
(o) 4.800
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Answer 1

Answer:

6.00 aaye 4.80 1221 4.00 8.0 18 1012 1 at the time of for on short