Question

HOTS Q. 122. Z Ltd. forfeited 300 shares of 10 each issued at 20% premium (39 called up) on which 4 of allotment (including premium) and first call of 2 has not been received. Out of these, 100 shares were re-issued as fully paid up for 9 per share. What is to amount to be transferred to capital Reserve?
(A) 400 (B)300 (C) 500 (D) 600
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Answer 1

HOTS Q. 122. Z Ltd. forfeited 300 shares of 10 each issued at 20% premium (39 called up) on which 4 of allotment (including premium) and first call of 2 has not been received. Out of these, 100 shares were re-issued as fully paid up for 9 per share. What is to amount to be transferred to capital Reserve?

(A) 400 (B)300 (C) 500 (D) 600

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Answer By shreyas

Answer 2

Explanation:

OPTION A 400 RUPPES TRANSFER TO CAPITAL RESERVE