Q2261
A limited liability company forfeited 30 shares of Rs. 10 each (fully called-up) for non payment of allotment amount of Rs. 3 per share and call amount of Rs. 4 per share. These shares were re-issued at Rs. 8 per share. In such situation amount transferred to capital reserve will be
A.
Rs. 300
B.
Rs. 60
C.
Rs. 30
AnswerD.
Rs. 90
Answer: Option C
Solution
Answer: Option C
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