Forfeited shares = 400 shares × ₹ 10 (final call) = ₹ 4,000.
Reissued shares = 400 shares × ₹ 45 = ₹ 18,000.
Amount transferred to capital reserve = Reissue amount - Forfeited amount = ₹ 18,000 - ₹ 4,000 = ₹ 14,000.
Answer: ₹ 14,000.
400 shares of ₹ 50 each issued at par were forfeited for non-payment of final call of ₹ 10 per share. These shares were reissued at ₹ 45 per share as…
CUET UG 2024 — Accountancy Company Accounts
2024mcqmedium
400 shares of ₹ 50 each issued at par were forfeited for non-payment of final call of ₹ 10 per share. These shares were reissued at ₹ 45 per share as fully paid-up. The amount transferred to capital reserve is:
Official previous-year question
Verified 13 Jul 2026.
Options
- A
₹ 15,000
- B
₹ 14,000
- C
₹ 16,000
- D
₹ 13,000
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