Bhaskar Ltd forfeited 10 shares of Rs 10 each, (Rs 6 called up) issued at a discount of 10 to Dibendu on which he had paid Rs 2 per share Out of these, 8 shares were re issued to Neeraj as Rs 8 called up for Rs 6 per share What amount is transferred to capital reserve account after re issue of sha...

The Correct option is A Nil The shares are forfeited for nonpayment ...

Bhaskar Ltd. forfeited 10 shares of Rs. 10 each, (Rs. 6 called up) issued at a...

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Financial and Managerial Accounting

ISBN: 978-1285078571

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Posted Date: Jan 08, 2021 03:25 PM

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Bhaskar Ltd. forfeited 10 shares of Rs. 10 each, (Rs. 6 called up) issued at a...

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The Correct option is A Nil The shares are forfeited for nonpayment ... View the full answer

Financial and Managerial Accounting

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