CUET Accountancy - 200 shares of Rs. 100 each issued at a premium of Rs.10 were forfeited for the non-payment of allotment money of Rs. 60 (including premium) per share. The first and final call of Rs. 20 per share on these shares were not made. The forfeited shares were reissued at Rs. 70 per share as fully paid-up. Capital reserve created after reissue will be: | PYQs + Solutions

CUET Accountancy 2025 4 June Shift 2

Company Accounts

Medium

common

Rs. 60,000

Rs. 30,000

Zero

Rs. 15,000

✅ Correct Option: 3

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The balance in the securities premium account can not be used ------------?

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After forfeiture of share, the amount transferred to capital reserve is

CUET Accountancy 2025 4 June Shift 2 PYQs

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