Home  >  Class 12 Accountancy  >  MCQs for Issue of Shares

P Ltd. forfeited 150 shares of ₹10 each, issued at a premium of ₹2, for non-payment of the final call of ₹3. Out of these, 100 shares were re-issued at ₹11 per share. How much amount would be transferred to capital reserve?

🎲 Try a Random Question  |  Total Questions in Quiz: 117  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
MCQs for Issue of Shares — practice the complete quiz, review flashcards, or try a random question.
🧠 Flashcards (fast review) 🧪 Practice Quiz ⚔️ Challenge a Friend 🥊 📊 View Stats

P Ltd. forfeited 150 shares of ₹10 each, issued at a premium of ₹2, for non-payment of the final call of ₹3. Out of these, 100 shares were re-issued at ₹11 per share. How much amount would be transferred to capital reserve?






ADVERTISEMENT
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.