Question:medium
If all the forfeited shares are reissued at ₹30 per share, fully paid-up, the amount transferred to 'Capital Reserve' will be:
If all the forfeited shares are reissued at ₹30 per share, fully paid-up, the amount transferred to 'Capital Reserve' will be:
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Amount transferred to Capital Reserve = Share Forfeiture before reissue - Loss on reissue.
Loss on reissue = (Face value - Reissue price) × Number of shares reissued.
If loss equals the Share Forfeiture amount, Capital Reserve = Nil.
Loss on reissue = (Face value - Reissue price) × Number of shares reissued.
If loss equals the Share Forfeiture amount, Capital Reserve = Nil.
Updated On: Mar 9, 2026
- ₹49,000
- ₹70,000
- ₹21,000
- Nil
Show Solution
The Correct Option is D
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