600 shares of Rs 10 each were forfeited for non payment of Rs 2 per share on first call and Rs 5 per share on final call. Share forfeiture account will be credited with:
A. Rs 1,200
B. Rs 1,800
C. Rs 3,000
D. Rs 4,200
Answer:B
600 shares of Rs 10 each were forfeited for non payment of Rs 2 per share on first call and Rs 5 per share on final call. Share forfeiture account will be credited with:
A. Rs 1,200 B. Rs 1,800 C. Rs 3,000 D. Rs 4,200