X, who holds 100 shares of Rs.10 each, fails to pay final call of Rs.2 per...
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X, who holds 100 shares of Rs.10 each, fails to pay final call of Rs.2 per share. The directors forfeited all the shares and subsequently reissued 50 shares of Rs.10 each as fully paid on payment of Rs.4 per share. The amount to be transferred to Capital Reserve would be A Rs.200 B C Rs.100 Rs.400 D Rs.500 X, who holds 100 shares of Rs.10 each, fails to pay final call of Rs.2 per share. The directors forfeited all the shares and subsequently reissued 50 shares of Rs.10 each as fully paid on payment of Rs.4 per share. The amount to be transferred to Capital Reserve would be A Rs.200 B C Rs.100 Rs.400 D Rs.500
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Statistics for Business and Economics
ISBN: 978-0132930192
8th edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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