Que no. 5
Dear Student,
In this case, the maximum amount of discount at which these shares can be reissued is Rs.6. Because total shares were issued at Rs. 10 each and shareholder did not pay for the First call at Rs.2 per share and final call is yet to be made.
Therefore, the amount forfeited on these shares is Rs.6.
Regards,
In this case, the maximum amount of discount at which these shares can be reissued is Rs.6. Because total shares were issued at Rs. 10 each and shareholder did not pay for the First call at Rs.2 per share and final call is yet to be made.
Therefore, the amount forfeited on these shares is Rs.6.
Regards,