Accountancy, asked by maliksaniya9756, 4 months ago

write up the formula for calculating capital reserve?

Answers

Answered by gokulbiologylover

10

Answer:

At the time of reissue of forfeited shares a discount of Rs 2 per share is allowed so the total amount of discount of Rs 400 is adjusted from the forfeited amount of Rs 600 and the balance amount of Rs 200 is transferred to Capital Reserve A/c being a capital gain.

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