HomeTestsSearchRankProfile
easyMCQCUET Accountancy 2022 23 Aug Shift 2 PYQs2026Accountancy
1 mark

If a share of Rs. on which Rs. has been paid is forfeited, at what minimum price can it be reissued ?

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

Solution & Step-by-step Explanation

The maximum permissible discount on reissue of forfeited shares is equal to the amount already received (paid) on those shares.Amount already paid = Rs. .Minimum reissue price = Face Value - Maximum Discount allowedMinimum reissue price = Rs. .

Practice this question

Try it yourself before checking the explanation above.

If a share of Rs. on which Rs. has been paid is forfeited, at what minimum price can it be reissued ?
A
Rs.
B
Rs.
C
Rs.
D
Rs.

Share This Question

Company AccountsShare Capital

Related Questions

easyMCQ

Which one of the following statements is true?

easyMCQ

Which of the following statements is not correct?

easyMCQ

Which one of the following statements is correct?

easyMCQ

The product formed by the reaction of an aldehyde with a primary amine is:

easyMCQ

Which part of the tobacco plant is infected by Meloidogyne incognita?

easyMCQ

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across Accountancy.

Browse TestsLeaderboard

Discussion