400 shares of ₹50 each issued at par were forfeited for non-... — Accountancy 2024

Question 2 Accountancy 2024 Medium MCQ +5.00 marks · -1.00 negative

400 shares of ₹50 each issued at par were forfeited for non-payment of final call of ₹10 per share. The shares were reissued at ₹45 per share as fully paid-up. The amount transferred to capital reserve is:

A. ₹15,000 B. ₹14,000 C. ₹16,000 D. ₹13,000

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