C Ltd forfeited 300 shares of RS.10 each, fully called up for non-payment of final call money of Rs.4 per share. These were subsequently reissued by the company for Rs.12 per share as fully paid up. What amount of Forfeited shares account is to be transferred to capital reserve? Rs.1200 Rs.1600 Rs.1800 Rs.1400

C Ltd forfeited 300 shares of RS.10 each, fully called up for non-payment of final call money of Rs.4 per share. These were subsequently reissued by the company for Rs.12 per share as fully paid up. What amount of Forfeited shares account is to be transferred to capital reserve? Rs.1200 Rs.1600 Rs.1800 Rs.1400

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

C Ltd forfeited 300 shares of RS.10 each, fully called up for non-payment of final call money of Rs.4 per share. These were
subsequently reissued by the company for Rs.12 per share as fully paid up. What amount of Forfeited shares account is to be
transferred to capital reserve?
Rs.1200
Rs.1600
Rs.1800
Rs.1400

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