CA Foundation doubt
RTP Q14 I can't understand how they calculated the profit on re issue of shares. Can someone explain? Answer is 2160
Asked by Sagar19 Jun 2024369 views
2 answers
Anurag · 19 Jun 2024
So total capital reserve is 560+1600 = 2160
Anurag · 19 Jun 2024
Kamal share in capital reserve= 960(amt of sh forf.) -400, discount on reissue (400sh × ₹1) = 560 . Tamal share = 2000 - 400 = 1600
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