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CA CPT Dec 2017 Question Paper Fundamentals of Accounting for online practice

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Question : 52

Total: 60

A Company forfeited 100 shares of ₹ 10 each, on which ₹ 5 per share was already paidup. Out of them 70 shares are reissued at ₹ 7 per share as fully paid up. The amountto be transferred to the Capital Reserve A/c will be :

₹ 350
₹ 490
₹ 140
₹ 150

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