A Ltd forfeited a share of Rs.100 issued at a premium of 20% for non-payment of first call of Rs.30 per share and final call of Rs.10 per share. State the minimum price at which this share can be reissued.

A Ltd forfeited a share of Rs.100 issued at a premium of 20% for non-p

1.	A Ltd forfeited a share of Rs.100 issued at a premium of 20% for non-payment of first call of Rs.30 per share and final call of Rs.10 per share. State the minimum price at which this share can be reissued.
Answer» Minimum price at which shares can be reissued = Rs.100 – Rs.60 = 40

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A Ltd forfeited a share of Rs.100 issued at a premium of 20% for non-payment of first call of Rs.30 per share and final call of Rs.10 per share. State the minimum price at which this share can be reissued.

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