Question:

Ninza Ltd. forfeited \(1,200\) shares of \(₹ 10\) each, on which \(₹ 8 \) per share as called up and \(₹ 6\) per share was paid up. The amount with which share Capital Account will be debited at the time of forfeiture of Share will be:

Updated On: Sep 23, 2024
  • \(₹12,000\)
  • \(₹7,200\)
  • \(₹9,600\)
  • \(₹4,800\)
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The Correct Option is C

Solution and Explanation

The correct option is (C) :\(₹9,600\)
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