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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 3 · Set 1 · Q13
KLB Ltd. forfeited $\displaystyle 3,000$ shares of $\displaystyle 10$ each, ₹ $\displaystyle 8$ per share called up for non-payment of first call of ₹ $\displaystyle 2$ per share. All these shares were reissued at ₹ $\displaystyle 7$ per share, ₹ $\displaystyle 8$ paid up. The amount transferred to Capital Reserve Account will be :ORNUK Ltd. forfeited $\displaystyle 1,000$ shares of ₹ $\displaystyle 10$ each, fully called up for non-payment of final call of ₹ $\displaystyle 2$ per share. $\displaystyle 800$ of these shares were reissued at ₹ $\displaystyle 11$ per share fully paid. The amount credited to Capital Reserve Account will be :
OR
NUK Ltd. forfeited $\displaystyle 1,000$ shares of ₹ $\displaystyle 10$ each, fully called up for non-payment of final call of ₹ $\displaystyle 2$ per share. $\displaystyle 800$ of these shares were reissued at ₹ $\displaystyle 11$ per share fully paid. The amount credited to Capital Reserve Account will be :Official answer
From CBSE’s own marking scheme for this paper.
(a) → (C)
(b) → (A)
Marking-scheme solution
-- `$\displaystyle 15,000$
Q. NUK Ltd. forfeited ………………………
Ans. (A) -- `$\displaystyle 6,400$
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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.