Can someone pls solve it for me?
1. Mr. Yogesh holder of 700 shares of Rs 100/- each in KFC Ltd. upon which 50 per share had been called up but he had paid only Rs 25 per share. The Co. forfeited his shares and afterwards sold them to Kamlesh credited as Rs 50 per share paid for Rs. 25000. The amount to be transferred to captical reserve is?
Ans= 7500
2. M, N and O are partners sharing p&L in the ratio 3:2:1. P joins the firm & gets 2/10th of share in the ratio 1:1 from M & N. Calculate new ratio.
Ans= 12:7:5:6
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