Accountancy, asked by pragatiagrawal2103, 7 days ago

Gupta itd. forfeited 4000 shares of Rs. 10 each for non-payment of Final call of Rs.3 per share. Out of these 3000 shares were re-issued as fully paid up in such a way that Rs.9000 was transferred to capital reserve. Shares were re-issued for...

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Answered by naveenagrawal17722

1

Explanation:

3000 share were re-issue on rupees 6 per share and rupees 4 is discount on re-issue

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