Question

X Ltd. forfeited 500 shares of rs 10 each fully called up for non paymnet of final call of rs3 per share. 300 of these shares were reissued at Rs9 per share, fully paid up, What is the amount to be transferred to Capital Reserve Account?

Answer 1

Answer:

shares : 500

each shares :rs10

resssuided shares : Rs9

amount :?

now

amount transfer :500*10

:5000

then

amount 500*9

:4500

then amount : 5000+4500

:9500

Explanation:

have a nice day