The directors of Axim Ltd. forfeited 20,000 equity shares of 310 each, 58 per
share called up for non-payment of first call of 72 per share. Final call of 32
per share has not been yet called. Half of the forfeited shares were reissued as
fully paid up for 15 per share. The amount transferred to Capital Reserve
will be :
A 100000
(B) 120.000
C 60,000
D 150,000
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Answer:
d
Explanation:
150000 is correct answer of the
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