X Ltd forfeited 100 shares of Rs 10 each (Rs 8 called up) issued at a premium of 2 per share to Mr R for non payment of allotment money of Rs 5 per share (including premium) Out of these 70 shares were re issued to Mr Sanjay as Rs 8 called up for Rs 10 per share The profit on re issue is A B D Rs ...

Correct option is C Forfeiture amount per share is the amount to be received by the ...

X Ltd. forfeited 100 shares of Rs 10 each (Rs 8 called up) issued at a...

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X Ltd. forfeited 100 shares of Rs 10 each (Rs 8 called up) issued at a...

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