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CA CPT Dec 2017 Question Paper Fundamentals of Accounting for online practice

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Question : 51

Total: 60

Bajaj Ltd. Issued 4,000 shares of ₹ 10 each at a premium of 20%, payable as ₹ 5 onapplication (including premium), ₹ 3 on allotment and ₹ 4 on call. Mr. Q, a holder of100 shares failed to pay the allotment and call money. His shares were forfeited. Theamount to be credited to Forfeited Shares A/c will be :

₹ 500
₹ 400
₹ 1000
₹ 300

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