Question

Rishi Lad. Forfeited 1000 Shares of Katyayani who applied for 10 for non-payment of allotment of Rs. 4 per shares (including remot 1 per shares) and First and final call of Rs 4 per share. Rishind, the shares of Rs. 10 each at a premium of 20%. Excess application money is be adjusted on allotment Securities premium reserve will be at the time of forfeiture of shares
(A) Debited with 800
(B) Debited with 1000
(C) Credited with 800
(D) Credited with 1000​

Answer 1

Answer:

B.

not sure but i hope it's correct

(correct me if I'm wrong on my answer)

:))