If a share of Rs. 100 on which Rs. 45 has been paid is forfeited at what minimum price can it be reissued : Option 1: Rs. 75 Option 2: Rs. 45 Option 3: Rs. 55 Option 4: Rs. 100

The answer is 'Rs. 55'. View full solution:

CUET Accountancy - If a share of Rs. 100 on which Rs. 45 has been paid is forfeited at what minimum price can it be reissued : | PYQs + Solutions

CUET Accountancy 2022 20 July Shift 1

Company Accounts

Easy

Rs. 75

Rs. 45

Rs. 55

Rs. 100

✅ Correct Option: 3

Related questions:

15 May Shift 1

The important steps in the procedure of share issue are :

(A) The company issues the prospectus to the public.

(B) The company has to get minimum subscription within 120 days from the date of the issue of the prospectus.

(C) The prospective investors intending to subscribe the share capital of the company would make an application along with the application money.

(D) Letters of allotment are sent to those whom the shares have been alloted, and letters of regret to those to whom no allotment has been made.

Choose the correct sequence of steps from the options given below:

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