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preeti meena

· started a discussion

· 1 Months ago

not part of syllabus (Question: 337606.0 )

company accounts are not part of syllabus. please stick to syllabus only.

Question:

Abacus Ltd. issued shares of Rs.10 each at a discount of 10%. Mr. Mahesh purchased 30 shares and paid Rs.2 on application but did not pay the allotment money of Rs.3. The company forfeited his entire shares, the forfeiture account will be credited by

Options:
A)

Rs.90 

B)

Rs.81

C)

Rs.60 

D)

Rs.54

Solution:

Ans: (c)

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