Based on following, answer question.

High Light India Ltd. invited applications for 30,000 shares of ₹100 each at a premium of ₹20 per share payable as follows:

Applications were received for 40,000 shares and pro-rata allotment was made on the application for 35,000 share. Excess application money was utilised towards allotment.

Rohan to whom 600 shares were allotted failed to pay the allotment money and his shares were forfeited immediately after allotment.

Aman who applied for 1,050 shares failed to pay first call and his share were forfeited immediately after first call.

Second and final call was made. All the money due on second call have been received.

Of the shares forfeited, 1,000 share were reissued as fully paid-up for ₹80 per share, which included the whole of Aman's shares.

Amount debited to securities premium at the time of forfeiture is:

₹6,000

The correct answer is Option (3) - ₹6,000.

Share Capital A/c Dr. 30,000(600 x 50)
Securities Premium Reserve A/c Dr. 6,000 (600 x 10)
          To Share Allotment A/c 14,000
          To Share Forfeiture A/c 22,000
(Forfeiture of 600 shares of Rohan for non-payment of allotment money)

* Rohan has been allotted = 600 Shares
Applied shares by Rohan =  35,000/30,000 x 600
                                    =  700 Shares
Amount received from Rohan = 700 × 40 = 28,000
Amount Adjusted on Application = 600 × 40 = ₹24000
Excess Amount Adjusted on Allotment = 28000 -24000
                                                       = 4,000
Money due on Allotment = 600 × 30
                                     = 18,000
Money Adjusted on allotment = 4,000
Balance due on Allotment = 18000 - 4000
                                     = 14000

Amount received = 36000 - 14000
                          = ₹22000