Q479
A, B, Co. Ltd. forfeited 20 shares of Rs. 10 each, Rs. 7 called up on which C had paid application and allotment money of Rs. 5 per share. Of these, 15 shares were reissued to D @Rs. 6 per share as fully paid-up for Capital Reserve account would be:
A.
Rs. 15
AnswerB.
Rs. 20
C.
Rs. 75
D.
Rs. 100
Answer: Option A
Solution
Answer: Option A
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