The director of Poly Plastic Limited resolved that 200 equity shares of Rs.100 each be forfeited for non-payment of the second and final call of…
CUET UG 2025 — Accountancy Company Accounts
The director of Poly Plastic Limited 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 re-issued at Rs.60 per share to Mohit. Profit on reissue of forfeited shares transferred to capital reserve. Amount credited to capital reserve account is-
Held on 27 May 2025 · Verified 13 Jul 2026.
Options
- A
Rs 5400
- B
Rs 6000
- C
Rs 4500
- D
Rs 9000
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