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:

• A. $₹12,000$
• B. $₹7,200$
• C. $₹9,600$
• D. $₹4,800$

Answer 1

Answer: (C)

$₹9,600$

Answer 2

The correct option is (C) :$₹9,600$