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hardMCQCUET Accountancy 2022 8 Aug Shift 22026Accountancy
1 mark

Bajaj Sales Ltd. issues equity shares of Rs. each to the public. The amount is payable as,On application Rs. per shareOn allotment Rs. per shareOn first call Rs. per shareOn final call Rs. per shareAll money has been received on shares. Only one shareholder, who has shares could not pay allotment money and his shares have been forfeited before making first call. Forfeited shares have been re-issued at Rs. fully paid-up. What is the amount of capital reserve?

  1. A
    Rs.
  2. B
    Rs.
  3. C
    Rs.
  4. D
    Rs.

Solution & Step-by-step Explanation

Amount forfeited on 200 shares = Application money received = .Loss on reissue = .Amount transferred to Capital Reserve = Forfeited Amount - Loss on reissue = .

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Bajaj Sales Ltd. issues equity shares of Rs. each to the public. The amount is payable as,On application Rs. per shareOn allotment Rs. per shareOn first call Rs. per shareOn final call Rs. per shareAll money has been received on shares. Only one shareholder, who has shares could not pay allotment money and his shares have been forfeited before making first call. Forfeited shares have been re-issued at Rs. fully paid-up. What is the amount of capital reserve?
A
Rs.
B
Rs.
C
Rs.
D
Rs.

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