200 shares of Rs. 100 each issued at a premium of Rs.10 were forfeited for the non-payment of allotment money of Rs. 60 (including premium) per…
CUET UG 2025 — Accountancy Company Accounts
200 shares of Rs. 100 each issued at a premium of Rs.10 were forfeited for the non-payment of allotment money of Rs. 60 (including premium) per share. The first and final call of Rs. 20 per share on these shares were not made. The forfeited shares were reissued at Rs. 70 per share as fully paid-up. Capital reserve created after reissue will be:
Held on 4 Jun 2025 · Verified 13 Jul 2026.
Options
- A
Rs. 60,000
- B
Rs. 30,000
- C
Zero
- D
Rs. 15,000
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