MCQOPTIONS
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| 1. |
Tree limited forfeited 500 shares of Rs.20 each issued at 5% discount, for non payment of allotment and final call of Rs.9 and Rs.5 respectively. Amount credited to sharennforfeiture A/c will be |
| A. | 3,500 |
| B. | 2,500 |
| C. | 3,000 |
| D. | 4,000 |
| Answer» C. 3,000 | |