Supreme Ltd forfeited 100 shares of ₹ 10 each for non – payment of final call of ₹ 2 per share. All these shares were reissued at ₹ 9 per share. What amount will be transferred to capital reserve account?
A. ₹ 700
B. ₹ 800
C. ₹ 900
D. ₹ 1000
Answer:A
Supreme Ltd forfeited 100 shares of ₹ 10 each for non – payment of final call of ₹ 2 per share. All these shares were reissued at ₹ 9 per share. What amount will be transferred to capital reserve account?
A. ₹ 700 B. ₹ 800 C. ₹ 900 D. ₹ 1000