Question

Q.8 Z Ltd. forfeited 1000 equity shares of Rs. 10 each issued at a premium of 20% for the non-payment
of the final call of Rs. 2 per share. Calculate the maximum amount of discount at which these shares car
be reissued.
(1)
A. 2
B. 8
C. 10
D. 12​

Answer 1

Answer:

maximum discount is ₹ 8

maximum discount is that amount which company already received on forfeited share in this question company received ₹8 on this share so 8 is the maximum discount