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A company forfeited 100 shares of Rs.10 each, on which Rs.5 per share was already paid up. Out of them 70 shares are reissued at Rs.7 per share as fully paid up. The amount to be transferred to the Capital Reserve A/c will be______a)Rs.350b)Rs.490c)Rs.140d)Rs.150Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A company forfeited 100 shares of Rs.10 each, on which Rs.5 per share was already paid up. Out of them 70 shares are reissued at Rs.7 per share as fully paid up. The amount to be transferred to the Capital Reserve A/c will be______a)Rs.350b)Rs.490c)Rs.140d)Rs.150Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A company forfeited 100 shares of Rs.10 each, on which Rs.5 per share was already paid up. Out of them 70 shares are reissued at Rs.7 per share as fully paid up. The amount to be transferred to the Capital Reserve A/c will be______a)Rs.350b)Rs.490c)Rs.140d)Rs.150Correct answer is option 'C'. Can you explain this answer?.

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