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Accountancy · 2026 · 1 mark
CBSE 2026 · Region 4 · Set 2 · Q1
6,000 shares of ₹ 25 each were forfeited for non-payment of final call money of ₹ 5 per share. The maximum discount that the company can allow on…
$\displaystyle 6,000$ shares of ₹ $\displaystyle 25$ each were forfeited for non-payment of final call money of ₹ $\displaystyle 5$ per share. The maximum discount that the company can allow on reissue of these shares will be :
$\displaystyle 5,000$ shares of ₹ $\displaystyle 20$ each were forfeited for non-payment of second and final call of ₹ $\displaystyle 4$ per share. The minimum amount that the company must collect at the time of reissue of these shares will be :
Official answer
(a) → (C)
(b) → (A)
Marking-scheme solution
(C)
₹ $\displaystyle 1,20,000$
OR
Q. (b) $\displaystyle 5,000$ shares of ₹ $\displaystyle 20$ each……..
Ans. (A) ₹ $\displaystyle 20,000$
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CBSE Class 12 Accountancy past-paper question from the 2026 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.