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320 equity shares of rupees 10 …

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320 equity shares of rupees 10 each issued at power forfeited for the non payment of final call of 2 rupees per share the shares were afterwards issued at rupees 9 fully paid up the amount transferred to capital reserve will be....

Posted by Maryam Zubairy 6 years, 1 month ago

CBSE > Class 12 > Accountancy

6 answers

Himanshi Kumari 6 years, 1 month ago

The capital reserve would be 2240 ... U first have to forfeit the shares that would be amt that has been paid by the shareholder that is : 320×8=2560 ( as lst Call hasnt be paid by him so Rs.8) Now, the shares has been reissue at 9 that is we have given Rs.1 discount as face value is Rs.10 then 320×1=320 ( the discount that we have to deduct frm Forfeit amt) Now , capital reserve would be 2560-320 = 2240 ....??

Lovely Dhawan 6 years, 1 month ago

2240

Maryam Zubairy 6 years, 1 month ago

Question m amount transfer to capital reserve puch ra h..

Shalini . 6 years, 1 month ago

Book mei galat h, cap reserve he puch ra h ya fir share forfeiture?

Maryam Zubairy 6 years, 1 month ago

My answer is also coming this.....but in book it is coming Rs 320???

Shalini . 6 years, 1 month ago

Cap reserve will be credited by ₹2240

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