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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 1 · Set 3 · Q13
A share of ₹ $\displaystyle 100$ on which ₹ $\displaystyle 80$ is received is forfeited for non-payment of final call of ₹ 20. The minimum price at which this share can be reissued is :ORShiv Ltd. forfeited $\displaystyle 500$ shares of ₹ $\displaystyle 10$ each on which ₹ $\displaystyle 7$ per share was paid. These shares were reissued for ₹ $\displaystyle 9$ per share fully paid. Amount transferred to Capital Reserve Account will be :
OR
Shiv Ltd. forfeited $\displaystyle 500$ shares of ₹ $\displaystyle 10$ each on which ₹ $\displaystyle 7$ per share was paid. These shares were reissued for ₹ $\displaystyle 9$ per share fully paid. Amount transferred to Capital Reserve Account will be :Official answer
From CBSE’s own marking scheme for this paper.
(a) → (D)
(b) → (A)
Marking-scheme solution
₹$\displaystyle 20$
Shiv Ltd. forfeited $\displaystyle 500$ shares of $\displaystyle 10$ each….
Ans. (A) ₹$\displaystyle 3,000$
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CBSE Class 12 Accountancy past-paper question from the 2024board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.