CA CPT June 2015 Question Paper Fundamentals of Accounting for online practice
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Question : 51 of 60
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X Ltd. makes an issue of 1,00,000 equity shares of Rs. 10 each payable as follows
On application –Rs.5
On Allotment- Rs.2.5
On call –Rs.2.5
One shareholder, holding 5,000 shares did not pay the call money. His shares were forfeited and out ofthem 3,000 shares were reissued at Rs. 8 per share as fully paid. The amount of Capital Reserve will beRs.__________________.
On application –Rs.5
On Allotment- Rs.2.5
On call –Rs.2.5
One shareholder, holding 5,000 shares did not pay the call money. His shares were forfeited and out ofthem 3,000 shares were reissued at Rs. 8 per share as fully paid. The amount of Capital Reserve will beRs.__________________.
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