Amount forfeited per share = 100 - 30 = Rs. 70. On 150 reissued shares, forfeited amount = 150 x 70 = 10,500. Discount on reissue = 150 x (100 - 60) = 6,000. Capital Reserve = 10,500 - 6,000 = Rs. 4,500.
The Directors of Tivoli Plastics Ltd. resolved that 200 equity shares of Rs. 100 each be Forfeited for non-payment of the second and final call of…
CUET UG 2022 — Accountancy Company Accounts
2022mcqmedium
The Directors of Tivoli Plastics Ltd. resolved that 200 equity shares of Rs. 100 each be Forfeited for non-payment of the second and final call of Rs. 30 per share. Out of these, 150 shares were reissued at Rs. 60 per share as fully paid-up. How much amount will be transferred to Capital Reserve Account?
Official previous-year question
Held on 20 Aug 2022 · Verified 13 Jul 2026.
Options
- A
Rs. 10,500
- B
Rs. 4,500
- C
Rs. 6,000
- D
Rs. 8,000
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