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Accountancy · 2026 · 1 mark

CBSE 2026 · Region 1 · Set 1 · Q12

Sakshi Ltd. forfeited 500 equity shares of ₹ 10 each, issued at a premium of ₹ 2 per share for non-payment of second and final call of ₹ 4 per share…

Sakshi Ltd. forfeited $\displaystyle 500$ equity shares of ₹ $\displaystyle 10$ each, issued at a premium of ₹ $\displaystyle 2$ per share for non-payment of second and final call of ₹ $\displaystyle 4$ per share (including premium) . The maximum amount of discount at which these shares can be reissued is :
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CBSE Class 12 Accountancy past-paper question from the 2026 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.