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  5. Accounting For Share Capital

12th Class Accountancy Accounting For Share Capital Question Bank MCQs - Accounting for Share Capital

  • question_answer
    X Ltd. Forfeited 400 shares of Rs.10 each fully called up, for non-payment of final call of Rs.4 per share. All the shares were reissued at Rs.10 per share, fully paid up. Amount to be transferred to capital reserve will be:

    A) 1600

    B) 2400

    C) 4000

    D) None of these

    Correct Answer: B

    Solution :

    2400


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