Question

Pragya Ltd. forfeited 8,000 equity shares of 7 100 each issued at a
premium of 10% for non-payment of first and final call of 30 per share.
The maximum amount of discount at which these shares can be reissued
will be :
(A) 80,000
(B) 33,20,000
(C) 25,60,000
(D) 2,40,000​

Answer 1

Answer:

8000*30=240000

Explanation:

8000*30=240000

Answer 2

"(A) 80000"

Explanation:

Forfeiture First and Final call shares (including premium) = 8000 x 30 = 240000

(excluding premium) = 8000 x 20 = 160000

Therefore, maximum discount can be given is 240000 - 160000 = 80000