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Question
2,000 shares allotted to Ms. Regal, on which ₹ 80 each called up and ₹ 50 paid were forfeited and reissued for ₹ 70 each as ₹ 90 paid up. Amount transferred to capital reserve A/c is ______.
Options
₹ 1,00,000
₹ 60,000
₹ 40,000
₹ 20,000
MCQ
Fill in the Blanks
Solution
2,000 shares allotted to Ms. Regal, on which ₹ 80 each called up and ₹ 50 paid were forfeited and reissued for ₹ 70 each as ₹ 90 paid up. Amount transferred to capital reserve A/c is ₹ 60,000.
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