SolveItNCERT · CBSE Boards
✓ Board-verified
Accountancy · 2025 · 1 mark

CBSE 2025 · Region 1 · Set 2 · Q16

$\displaystyle 4,000$ shares of ₹ $\displaystyle 10$ each were forfeited for non-payment of second and final call money of ₹ $\displaystyle 2$ per share. The minimum amount that the company must collect at the time of reissue of these shares will be :

More from Accounting for Share Capital

CBSE Class 12 Accountancy past-paper question from the 2025board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.