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The directors of company forfeited 1 000 shares of Rs 10...

This question belongs to Commerce Accounting
Accounting
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The directors of company forfeited 1,000 shares of Rs. 10 each, Rs. 7.5 paid-up for non-payment of call money @ Rs. 2.5 per share, 700 of this shares are re-issued @ Rs. 7 per share. The amount transfer to Capital Reserve A/c would be

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Correct Answer: Option B
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