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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 3 · Set 3 · Q4
Lexa Ltd. issued $\displaystyle 50,000$ equity shares of ₹ $\displaystyle 10$ each at a premium of ₹ $\displaystyle 2$ per share. The amount was payable as follows : On application and allotment ₹ $\displaystyle 7$ per share (including premium) On first and final call Balance The issue was fully subscribed. All the money was duly received except the first and final call on $\displaystyle 1,000$ equity shares. These shares were forfeited. On forfeiture of these shares Calls in Arrears Account will be :
Official answer
From CBSE’s own marking scheme for this paper.
(C)
credited by ₹ $\displaystyle 5,000$
Marking-scheme solution
(C)
-- credited by `$\displaystyle 5$,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.