Question

A company forfeited 3000shares of 10each held by kishore for non payment of allotment money of rs 5 per share the called up value per share was rs 8 on forfeiture,the amount debited to share capital

Answer 1

Answer:

24,000

Explanation:

AS THE CALLED UP MONEY SHOULD BE MULTIPLIED WITH SHARES TO GET SHARE CAPITAL AMOUNT TO BE DEBITED AS THE SHARES ARE FORFEITED.