D and M Ltd. forfeited 5,000 shares of Rs10 each for non-payment of final call of Rs3/- per shares. Out of these 2,000 shares were reissued @ Rs12/- per share as fully paid up. What is the maximum discount that can be allowed for re-issue of remaining 3,000 shares?
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This question was previously asked in
Shift 07/06/2023 3:30 PM - 6:30 PM
A
Rs30,000
B
Rs9,000
C
Rs21,000
D
Rs27,000
Correct Answer
Rs21,000
Detailed Explanation
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