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Question
A company forfeited 6,000 shares of ₹ 10 each, on which only application money of ₹ 3 has been paid. 4,000 of these shares were re-issued at ₹ 12 per share as fully paid up. Amount of Capital Reserve will be ______.
Options
₹ 18,000
₹ 12,000
₹ 30,000
₹ 24,000
MCQ
Fill in the Blanks
Solution
A company forfeited 6,000 shares of ₹ 10 each, on which only application money of ₹ 3 has been paid. 4,000 of these shares were re-issued at ₹ 12 per share as fully paid up. Amount of Capital Reserve will be ₹ 12,000.
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