The Directors of Tivoli Plastics Ltd. resolved that 200 equity shares of Rs. 100 each be Forfeited for non-payment of the second and final call of Rs. 30 per share. Out of these, 150 shares were reissued at Rs. 60 per share as fully paid-up. How much amount will be transferred to Capital Reserve Account?

Question

Option 1: Rs. 10,500

Option 2: Rs. 4,500

Option 3: Rs. 6,000

Option 4: Rs. 8,000

AfterBoards · Accepted Answer

The answer is 'Rs. 4,500'. View full solution:

CUET Accountancy 2022 20 Aug Shift 2 PYQs

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