Question

M/s VSI Ltd. forfeited 300 equity shares of Rs.10 each issued as per for non-payment of Rs.4 per share by the holder. These shares are reissued at Rs.5 per share as fully paid. What is the amount to be transferred to capital reserve A/c? (a) Rs. 300 (b) Rs. 500 (c) Rs. 600 (d) Rs.800

Answer 1

$<b2>$M/s VSI Ltd. forfeited 300 equity shares of Rs.10 each issued as per for non-payment of Rs.4 per share by the holder. These shares are reissued at Rs.5 per share as fully paid. Rs. 500 to be transferred to capital reserve A/c.

So, the Answer is :-

[B] Rs. 500 ✓✓

Answer 2

Hello Friend

Ans

Option.B

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