Raja Ltd., forfeited 300 shares of ₹100 each, ₹75 called up, for non-payment of first call of ₹20 per share. All these shares were reissued for ₹…. Per share as ₹75 paid up. If amount transferred to Capital Reserve is ₹40 per share. What is the reissue price?
a)₹55 per share
b)₹45 per share
c)₹60 per share
d)₹40 per share
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Answer:
55
Explanation:
it's a right answer. .
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