Q. 1 Prakash Ltd., forfeited 160 shares of ₹ 10 each on which the holder has not paid call money of ₹ 2
per share. Out of these, 40 shares were reissued to Ekta as fully paid for ₹ 7 per share. Compute the
balance to be transferred to capital reserve
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Ans:- Capital Reserve = 200
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