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The director of a limited company resolved to forfeit 1000 equity...

This question belongs to Commerce Accounting
Accounting
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The director of a limited company resolved to forfeit 1000 equity shares of Rs. 10 each; Rs. 7.50 paid up for non-payment of the final call money of Rs. 2.50 per share. 700 of these forfeited shares were reissued at Rs. 7 per share. The amount to be transferred to the capital reserve would be

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Correct Answer: Option D
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