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


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