Q1130
A company forfeited 30 share of Rs. 10 each for non-payment of allotment Rs. 3 share and call money Rs. 4 per share. The company re issued these shares as fully paid-up shares at the rate of Rs. 8 per share. Amount transferred to capital reserve will be
A.
Rs. 300
B.
Rs. 60
C.
Rs. 90
D.
Rs. 30
AnswerAnswer: Option D
Solution
Answer: Option D
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