1.

Super Ltd. forfeited 100 shares of Rs. 10 each for non- payment of final call of Rs.  2 per share. All these shares were re-issued at Rs. 9 per share. The amount will be transferred to capital reserve account is _______. (a) Rs. 700 (b) Rs. 800 (c) Rs. 900 (d) Rs. 1,000

Answer»

The correct answer is : (a) Rs. 700 



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