X Ltd. forfeited. 30 shares of Rs. 10 each fully called up for non payment of allotment money of Rs. 3 per share

X Ltd. forfeited. 30 shares of Rs. 10 each fully called up for non payment of allotment money of Rs. 3 per share and
call money of Rs. 4 per share. These shares are re-issued for Rs. 8 per share fully paid. What is the amount to be
transferred to capital reserve account.
(A) Rs. 300
(B) Rs. 60
(C) Rs. 30
(D) Rs. 90

Anurag Mishra Professor Asked on 9th July 2016 in Commerce.
Add Comment
  • 1 Answer(s)

    Answer: (C) Rs. 30 

    Anurag Mishra Professor Answered on 14th July 2016.
    Add Comment
  • Your Answer

    By posting your answer, you agree to the privacy policy and terms of service.