Home » mcq » accounting » ABC Ltd., forfeited 20 shares of Rs. 10 each on which Rs. 6 per share were paid. If out of these shares 8 shares were reissued to Hari as fully paid up on payment of Rs. 5.50 per share, the amount that will stand to the credit of Share Forfeited A/c will be
ABC Ltd., forfeited 20 shares of Rs. 10 each on which Rs. 6 per share were paid. If out of these shares 8 shares were reissued to Hari as fully paid up on payment of Rs. 5.50 per share, the amount that will stand to the credit of Share Forfeited A/c will be
Option B is incorrect because it is the total amount received on reissue of 8 shares. Join Our Telegram Channel
/> Option C is incorrect because it is the total amount received on forfeiture of 20 shares. Option D is incorrect because it is the total amount received on reissue of 20 shares.