Akshay Ltd. forfeited 20 shares of Rs. 10 each, Rs. 7 called up on which Rajesh had paid application and allotment money of Rs.
Akshay Ltd. forfeited 20 shares of Rs. 10 each, Rs. 7 called up on which Rajesh had paid application and allotment money of Rs. 5 per share. Of these 15 shares were re- issued to Harishankar as fully paid up for Rs. 6 per share. What amount should be transferred to Capital Reserve Account?
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Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
37th Edition
1285180925, 978-1285180922
