Q1860
X co. Ltd. forfeited 1,000 shares of Rs. 10 each fully called up for non-payment of final call of Rs. 1 per share. 400 of forfeited shares are reissued as fully paid at Rs. 8 per share. The balance of forfeited share account will be:
A.
Rs. 2,800
AnswerB.
Rs. 3,600
C.
Rs. 5,400
D.
Rs. 9,000
Answer: Option A
Solution
Answer: Option A
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