A Ltd. forfeited 4,000 shares of rs20 each, fully called up on which application money of rs6 has been paid. Out of these 2,000 shares were reissued and 8,000 has been transferred to capital reserve. Calculate the rate at which the forfeited shares are reissued.
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This question was previously asked in
Shift 23/06/2023 8:30 AM - 10:30 AM
A
rs18 per share
B
rs20 per share
C
rs22 per share
D
rs8 per share
Correct Answer
rs18 per share
Detailed Explanation
,
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