Question

Money Ltd. forfeited 2,000 shares of Rs.10 each, fully called-up for non-payment of first

call of Rs.2 and final call of Rs. 2 per share. 500 of these shares were re-issued at Rs. 7.50

per share. What amount goes to capital reserve and what will be the net balance in forfeited

account?

(a) Rs 1,750, Rs 9,000 (b) Rs 9,000 , Rs 12,000

(c) Rs 8,000 , Rs 4,000 (d) Rs 8,400 , Rs.7,000​

Answer 1

Answer:

c)Rs8,000, Rs 4,000

Explanation:

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