Tamil Nadu Board of Secondary EducationHSC Commerce Class 12th

Supreme Ltd. forfeited 100 shares of ₹ 10 each for non-payment of final call of ₹ 2 per share. All these shares were re-issued at ₹ 9 per share. - Accountancy

MCQ

Supreme Ltd. forfeited 100 shares of ₹ 10 each for non-payment of final call of ₹ 2 per share. All these shares were re-issued at ₹ 9 per share. What amount will be transferred to capital reserve account?

Options

₹ 700
₹ 800
₹ 900
₹ 1000

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Solution

₹ 700

Concept: Divisions of Share Capital

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Q I 10.Q I 9.Q II 1.

Chapter 7: Company accounts - Multiple choice questions [Page 257]

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Tamil Nadu Board Samacheer Kalvi Class 12th Accountancy Answers Guide

Chapter 7 Company accounts
Multiple choice questions | Q I 10. | Page 257

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Supreme Ltd. forfeited 100 shares of ₹ 10 each for non-payment of final call of ₹ 2 per share. All these shares were re-issued at ₹ 9 per share. - Accountancy

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