Accounts Query

i am agree.....................

Hi .

Please help me with this Capital Reserve query

3000 shares of Rs.10 each of Krishnan were forfeited by crediting Rs.5000 to share forfeiture account. Out of these ., 1800 shares were re-issued to Radhe for Rs.9 per share. the amount to be transfered to capital reserve account will be?

i think.............

the amount to be transfered to capital reserve account

5000/3000*1800-1800 = 1200

Originally posted by : G.N.JHA
	Normal Sales= 10,20,000-20,000= Rs. 10,00,000 Profit on Normal Sales- 10,00,000*20/120= Rs.1,66,667 Loss on Damaged Goods Sold= Rs. 10,000 Gross Profit= 1,66,667-10,000= Rs. 1,56,667

Correct Calculation of G N Jha