please answer please answer please answer please
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I will try to send as quick as possible the answer of 2
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Correct option is
B
Rs.1,600
On reissue of forfeited shares, amount of discount allowed on these shares is debited to share forfeited account. The shares are being issued @ Rs.16, therefore, discount allowed is @ Rs.4. Hence (400×4)=Rs.1,600 will be debited to share forfeited account and correct answer is (b).
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