(a) Aysha Ltd. forfeited 1,10,000 shares of ₹10 each issued at 20% premium for the non-payment of first call of? ₹2 per share and final call of ₹3 per share. Share Forfeited Account will be credited with:
A. ₹5,50,000
B. ₹7,70,000
C. ₹2,20,000
D. ₹5,00,000
Answer:A
(a) Aysha Ltd. forfeited 1,10,000 shares of ₹10 each issued at 20% premium for the non-payment of first call of? ₹2 per share and final call of ₹3 per share. Share Forfeited Account will be credited with:
A. ₹5,50,000 B. ₹7,70,000 C. ₹2,20,000 D. ₹5,00,000