Uma, being a holder of 1000 shares of Rs.20 each issued at a discount of 10% per share. She did not pay the allotment money of Rs.4 per share and first call of Rs.8 per share. At the time of forfeiture, the discount on the shares must be_____ a) Credited Rs.2,000 b) Debited Rs.2,000 c) Credited Rs.1,000 d) None of these
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your answer is option B )
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