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 : |
Rs. 25,000 Rs. 30,000 Rs. 45,000 Rs. 50,000 |
Rs. 30,000 |
The correct answer is Option (2) → Rs. 30,000 |