Mohar Ltd. Forfeited 160 shares of Rs 10 each on which the holder had – InterviewSolution

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1.	Mohar Ltd. Forfeited 160 shares of Rs 10 each on which the holder had paid only the application money of Rs2 per share. Out of these, 40 shares were reissued to Gaurav as fully paid for Rs 9 per share. The gain on rejssue isA. Rs 320B. Rs 160C. Rs 40D. None of these
Answer» Correct Answer - C

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