Question

M.2
4. A company forfeited 30 equity shares of * 10 each fully called-up for non-payment of
allotment money of * 4. If these shares are re-issued at 7 per share fully paid up.
the amount transferred to Capital Reserve will be
(a) * 300.
(b) * 60.
(c) 90,
(d) 30.​

Answer 1

Answer:

10x30 shares fully called up=300 answer is a