Question

C
A Company forfeited 300 shares of
10 each, 8 per share called up, on
which A had paid application and
allotment money of 6 per share.
Share Forfeiture Account will be
credited with:
0
600
O
1,800
O 21,200
O $2,400​

Answer 1

Answer:

300×₹6 = ₹1800

the amount paid by the shareholder is transferred to forfeited shares account