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Question
Supreme Ltd. forfeited 100 shares of ₹ 10 each for non-payment of final call of ₹ 2 per share. All these shares were re-issued at ₹ 9 per share. What amount will be transferred to capital reserve account?
Options
₹ 700
₹ 800
₹ 900
₹ 1000
Solution
₹ 700
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