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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 2 · Set 2 · Q1
Rad he Ltd. forfeited 500 shares of ₹ 10 each fully called up for non-payment of final call of ₹ 3 per share. 300 of these shares were reissued at ₹…
Rad he Ltd. forfeited $\displaystyle 500$ shares of ₹ $\displaystyle 10$ each fully called up for non-payment of final call of ₹ $\displaystyle 3$ per share. $\displaystyle 300$ of these shares were reissued at ₹ $\displaystyle 8$ per share as fully paid-up. The amount credited to Capital Reserve Account was :
A Company forfeited $\displaystyle 1000$ shares of ₹ $\displaystyle 10$ each, ₹ $\displaystyle 7$ called up for non-payment of first call of ₹ $\displaystyle 2$ per share. A11 these shares were reissued at ₹ $\displaystyle 5$ per share ₹ $\displaystyle 7$ paid up. The amount transferred to Capital Reserve Account was :
Official answer
(a) → (A)
(b) → (B)
Marking-scheme solution
(a)
₹$\displaystyle 1,500$
Or
Q. (B) A Company ………………………………………
Ans. (b) ₹ $\displaystyle 3,000$
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CBSE Class 12 Accountancy past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.