A Ltd. forfeited 100 equity shares of Rs. 10 each issued at a premium of 20% for the non-payment of final call of Rs. 5 including premium. State the maximum amount of discount at which these shares can be re-issued. Post category:Accountancy Reading time:1 mins read SOLUTION These shares can be reissued at a maximum discount of Rs. 7 per share (i.e., Rs. 700). Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostIdentify the purpose of utilizing the ‘Security Premium Reserve’ that would maximise the return to shareholders. Next PostJoy Ltd. issued 1 ,00.000 equity shares of Rs. 10 each. The amount was payable as follows: You Might Also Like What are Common Size Statements? October 1, 2022 Give one limitation of Cash How Statement. October 4, 2022 For calculating ‘Cash flow from operating activities’ why decrease in Trade Receivables or bills receivables are added to operating profits? October 4, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.