A company forfeited 5,000 shares of Rs. 10 each for non-payment of final call of Rs. 4 per share. Share Forfeiture A/c will be credited with the amount :
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) →
Rs. 30,000
A company forfeited 5,000 shares of Rs. 10 each for non-payment of final call of Rs. 4 per share. Share Forfeiture A/c will be credited with the amount :
Correct answer: option 2
The correct answer is Option (2) →
Rs. 30,000