Q. If 500 shares of 10 issued at a premium of 1 on which 9 (including premium) have beencalled and 7 including premium have been paid are forfeited, the forfeiture account should be credited by : (Solved)
1. 3,000
2. 3,500
3. 4,000
4. 4,500
- a. 3,000
1. 3,000
2. 3,500
3. 4,000
4. 4,500