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     EduGorilla 
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    Vinod Ltd. forfeited 1,000 equity shares of ₹100 each for the non-payment of first call ₹20 per share and second and final call of ₹25 per share. These shares were reissued at ₹50 per share fully paid up. Find out the capital reserve.

    Options :-

    1. 5,500

    2. 6,000

    3. 7,000

    4. 5,000

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Reply To: Vinod Ltd. forfeited 1,000 equity shares of ₹100 each for the non-payment of first call ₹20 per ….
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