Q2348
A limited company forfeited 100 shares of Rs. 10 each fully called up on which Rs. 4 per share was paid up. The company reissued 50 shares at the rate of Rs. 8 each. The amount transferred to Capital Reserve will be
A.
Rs. 500
B.
Rs. 200
C.
Rs. 250
D.
Rs. 100
AnswerAnswer: Option D
Solution
Answer: Option D
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