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Commerce · Q920

Accounting

Graduate and Post Graduate · Commerce · question 920

Q920

A share of Rs. 20 originally issued at a discount of Rs. 2, was forfeited and the amount received on it was Rs. 4. The maximum discount on reissue of such forfeited share will be

A.
Rs. 6
B.
Rs. 4
Answer
C.
Rs. 3
D.
Rs. 5

Answer: Option B

Solution

Answer: Option B
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