CAT Question

X ltd forfeited 1000 equity shares of rupees 10 each issued at a premium of rupee 3 per share for non payment?

Answers

Manjeet Kaur
Nov 18, 2021
The maximum discount at which these shares can be re-issued is the credit balance in the Share Forfeiture A/c i.e. Rs.5,000(1,000 x 5).

The maximum discount at which these shares can be re-issued is the credit balance in the Share Forfeiture A/c i.e. Rs.5,000(1,000 x 5).
Do you know? How Toppers prepare for CAT Exam
With help of the best CAT teachers & toppers, We have prepared a guide for student who are preparing for CAT : 15 Steps to clear CAT Exam

Download free EduRev App

Track your progress, build streaks, highlight & save important lessons and more!
The maximum discount at which these shares can be re-issued is the credit balance in the Share Forfeiture A/c i.e. Rs.5,000(1,000 x 5).