Question

X Itd forfeited 500 shares of Rs. 10 each fully called up for non payment of final cail
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 Rs.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

C bit is the answer

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