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Eduncle Asked an Mcq
October 13, 2019 3:45 pm
X Ltd. forfeited 20 shares of Rs. 10 each, Rs. 8 called up, on which John had paid application and allotment money of Rs. 5 per share, of these, 15 shares were reissued to Parker as fully paid up for Rs. 6 per share. What is the balance in the share Forfeiture Account after the relevant amount has been transferred to Capital Reserve Account ?
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  • Sam
    share Premi is not even mentioned in question
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  • Sam
    how is the answer c
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  • Prafulla
    how the share premium account is Rs 60
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  • Eduncle Best Answer

    Correct Answer : Option (C)

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