CMA Inter Paper 10 Practice Questions - CMA Intermediate Paper 10 Corporate Accounting And Auditing (CAA) Exam

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200 shares of Rs. 10 each, on which Rs. 8 had been received, were forfeited and later reissued as fully paid at Rs. 9 per share. What amount is transferred to Capital Reserve?

Rs. 1,800 Rs. 1,600 Rs. 1,400 Rs. 200

Correct Answer:

Rs. 1,400

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