Question

X ltd forfeited 500 shares of Rs10 each ,7 called up issued at a premium of Rs.2 per share to be paid at the time of allotment for non payment of first call of rs 2 per share .Share Forfeiture Account will be credited with ? ₹ 3,500 ₹4,500 ₹3,500 Rs 2500​

Answer 1

X ltd forfeited 500 shares of Rs10 each ,7 called up issued at a premium of Rs.2 per share to be paid at the time of allotment for non payment of first call of rs 2 per share .Share Forfeiture Account will be credited with ? ₹ 3,500 ₹4,500 ₹3,500 Rs 2500

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