1 Forfeiture and Reissue questions from CUET Accountancy with detailed answers and explanations. Free previous year questions and MCQs.
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Q1mediummcqAccountancyCUET Accountancy2026
The directors of Poly Plastic Limited resolved that 200 equity shares of Rs.ย 100 each be forfeited for non-payment of the second and final call of Rs.ย 30 per share. Out of these, 150 shares were re-issued at Rs.ย 60 per share to Mohit. The profit on the reissue of forfeited shares is transferred to the capital reserve. The amount credited to the capital reserve account is:
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Our database has 1 Forfeiture and Reissue questions from CUET Accountancy covering 2026 to 2026.
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