Question

X Itd forfeited 500 shares of Rs. 10 each fully called up for non payment of fina cal of Rs 3
per share. 300 of these shares were issued as fully paid up and after reissue the amount
transferred to capital reserve was R. 1800. what is the reissue price
(a) Rs.6 per share (b) Rs.8 per share (c) Rs.7 per share (d) Rs.9 per share
​

Answer 1

Answer:

7 per share

Explanation:

because non payment of final call is 3 rs so remaining 7 rs is reissue price