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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 2 · Set 3 · Q8
If a share of ₹ 100 on which ₹ 70 has been paid is forfeited, then at which minimum price can it be re-issued?
If a share of ₹ $\displaystyle 100$ on which ₹ $\displaystyle 70$ has been paid is forfeited, then at which minimum price can it be re-issued ?
If a share of ₹ $\displaystyle 10$ issued at a premium of ₹ $\displaystyle 2$ per share, on which ₹ $\displaystyle 8$ (including premium) has been called and ₹ $\displaystyle 6$ (including premium) has been paid by the shareholder, is forfeited, then Share Capital Account will be debited with :
Official answer
(a) → (B)
(b) → (D)
Marking-scheme solution
(B)
₹$\displaystyle 30$
OR
Q. (ii) If a share of ₹$\displaystyle 10$ issued at a..........................................
Ans. (D) ₹$\displaystyle 6$
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CBSE Class 12 Accountancy past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.