A company forfeited 2000 shares of ₹10 each on which ₹7 has been called up and ₹5 has been paid. Out of these 1500 shares are reissued for ₹9 as fully paid. How much amount is forfeited by the company?

₹9000 ₹10000 ₹6500 ₹7500

₹10000

2000 SHARES x 5 = ₹10000(Received amount) that will go to share forfeiture account.