Maximum discount allowable on reissue is limited to the forfeited amount per share, i.e., Rs. 45. Therefore minimum reissue price = Face Value - Maximum Discount = 100 - 45 = 55.
If a share of Rs. 100 on which Rs. 45 has been paid is forfeited at what minimum price can it be reissued :
CUET UG 2022 — Accountancy Company Accounts
2022mcqeasy
If a share of Rs. 100 on which Rs. 45 has been paid is forfeited at what minimum price can it be reissued :
Official previous-year question
Held on 20 Jul 2022 · Verified 13 Jul 2026.
Options
- A
Rs. 75
- B
Rs. 45
- C
Rs. 55
- D
Rs. 100
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