Sahil, a share holder, failed to pay the money for second and final call of Rs. 20 on 1,000 shares issued to him at Rs. 120 (face value of Rs. 100 per share). His shares were forfeited after the second and final call. Which is correct about share forfeiture-

Share Forfeiture A/c will be credited with 80,000

The correct answer is Option (3) → Share Forfeiture A/c will be credited with 80,000