CA CPT Model Test Paper 5 with solutions for online practice
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Question : 37 of 200
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Pavan Ltd. invited application for 30,000 shares payable as under:
Rs. 3 per share on application;
Rs. 3 per share on allotment;
Rs. 2 per share on First call;
Rs. 2 per share on final call;
Ashok, who had been allotted 500 shares failed to pay both the calls. His shares were forfeited and reissued at Rs. 9 per share to Hari, as fully paid up. Amount transferred to capital Reserve will be:
Rs. 3 per share on application;
Rs. 3 per share on allotment;
Rs. 2 per share on First call;
Rs. 2 per share on final call;
Ashok, who had been allotted 500 shares failed to pay both the calls. His shares were forfeited and reissued at Rs. 9 per share to Hari, as fully paid up. Amount transferred to capital Reserve will be:
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