A company forfeited 1000 shares of Rs 50 face value, for non payment of allotment and final call money @ Rs 15 and Rs 20 respectively. Amount credited to share forfeiture Account --

₹15,000

When shares are forfeited, the amount credited to the Share Forfeiture Account is the total amount of the face value of the forfeited shares minus the amounts already paid by the shareholders.
Number of shares forfeited = 1000
Face value per share = Rs 50
Allotment money not paid = Rs 15 per share
Final call money not paid = Rs 20 per share
Total amount not paid by shareholders = (1000 * Rs 15) + (1000 * Rs 20) = Rs 35000
Total amount to be credited to the Share Forfeiture Account = (1000 * Rs 50) - Rs 35000
= Rs 50000 - Rs 35000 = Rs 15000