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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 3 · Set 1 · Q8
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 :ORA 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 :
OR
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
From CBSE’s own marking scheme for this paper.
(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) ₹$\displaystyle 30$
Read the following hypothetical situation……
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CBSE Class 12 Accountancy past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.