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A company forfeited 30 share of Rs 10 each for non-payment...

This question belongs to Commerce Accounting
Accounting
?

A company forfeited 30 share of Rs. 10 each for non-payment of allotment Rs. 3 share and call money Rs. 4 per share. The company re issued these shares as fully paid-up shares at the rate of Rs. 8 per share. Amount transferred to capital reserve will be

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Correct Answer: Option D
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