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Accountancy · 2025 · 1 mark

CBSE 2025 · Region 6 · Set 2 · Q5

Java Ltd. forfeited $\displaystyle 600$ equity shares of $\displaystyle 100$ each f $\displaystyle 80$ called up for the non-payment of first call of $\displaystyle 20$ per share. These shares were reissued at $\displaystyle 90$ per share fully paid up. The amount transferred to 'Capital Reserve' will be :

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CBSE Class 12 Accountancy past-paper question from the 2025board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.