A company forfeited 100 equity shares of ₹ 100 each on which a final call of ₹ 4 per share was unpaid. At what minimum rate/ amount per share, these shares can be issued by the company ?
CS Executive · Corporate and Management Accounting · PYQS · December 2024
A company forfeited 100 equity shares of ₹ 100 each on which a final call of ₹ 4 per share was unpaid. At what minimum rate/ amount per share, these shares can be issued by the company ?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Share Capital
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