Swasth Ltd. ‘forfeited 2,000 shares of ₹ 10 each for non-payment of final call of ₹ 3 per share. 1,500 of these shares were reissued and gain on reissue transferred to Capital Reserve was ₹ 7,500. Determine the amount realiesd from reissue of shares.
Solution:-
Worked as a lecturer , educator
I am a M. Com Gold Medalist from Osmania University in 1999. And a UGC NET Qualified in June 1999.
My passion and interest are in the areas of Accountancy & Financial Management. Over the last ~20 years, I have been teaching students (predominantly in Class XI, XII – All Boards and B. Com Students across Universities.