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A Ltd. forfeited 100 equility shares of ...

A Ltd. forfeited 100 equility shares of Rs. 10 each issued at a premium of 20% for the non-payment of final call of Rs. 5 including premium. State the maximum amount of discount at which these shares can be re-issured.

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These shares can be reissued at a maximum discount of Rs. 7 per share (i.e. Rs. 700).
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