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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 3 · Set 3 · Q6
A share of ₹ 10 issued at a premium of ₹ 2 per share on which < 8 per share (including premium) have been called and ₹ 6 per share (including…
A share of ₹ $\displaystyle 10$ issued at a premium of ₹ $\displaystyle 2$ per share on which < $\displaystyle 8$ per share (including premium) have been called and ₹ $\displaystyle 6$ per share (including premium) is received, is forfeited. Share Capital Account will be debited by :
A share of ₹ $\displaystyle 100$ on which ₹ $\displaystyle 70$ has been received is forfeited for non - payment of final call of ₹ 30. The minimum price at which this share can be re - issued is :
Official answer
(a) → (D)
(b) → (B)
Marking-scheme solution
(d)
₹$\displaystyle 6$
OR
(ii)
Q. A share of ₹ $\displaystyle 100$ on which ₹$\displaystyle 70$ has been….
Ans. (b) ₹$\displaystyle 30$
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CBSE Class 12 Accountancy past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.