2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Accounting For Share Capital

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

  • question_answer
    X Ltd. forfeited 500 shares of Rs.10 each issued at a premium of 20% for non-payment of allotment (including premium) and first and final call of Rs.9 per share. 300 of these shares were reissued at Rs.7 per share as fully paid up. Amount to be transferred to capital reserve will be:

    A) 600 

    B) Nil

    C) 2400 

    D) 1200

    Correct Answer: B

    Solution :

    Nil


You need to login to perform this action.
You will be redirected in 3 sec spinner