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Commerce · Q2377

Accounting

Graduate and Post Graduate · Commerce · question 2377

Q2377

X Ltd. forfeited 20 shares of Rs. 10 each on which Rs. 6 per share was paid. If out of these, 8 shares were reissued to Hari as fully paid on payment of Rs. 5.50 per share what would be the amount to the credit of share forfeited A/c:

A.
Rs. 48
B.
Rs. 72
Answer
C.
Rs. 84
D.
Rs. 120

Answer: Option B

Solution

Answer: Option B
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