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Omega Ltd. issued 5000 shares of Rs. 20 each. The called up value per share was Rs. 16.
1/8/2013 9:33:10 PM
Omega Ltd. issued 5000 shares of Rs. 20 each. The called up value per share was Rs. 16. The
company forfeited 400 shares of Mr. Ajay for non-payment of lst Call money of Rs. 4 per
share. He paid Rs. 12 for application and allotment money. On forfeiture, the share capital
A/c will be
(a] Debited by Rs. 6.400
(b) Credited By 1600
(C) Debited by Rs. 1,600
d) None of above
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