When 500 shares of Rs. 10 each on which Rs.3 on final call is not paid – McqOptions

MCQOPTIONS

1.	When 500 shares of Rs. 10 each on which Rs.3 on final call is not paid, share forfeited account iscredited with ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
A.	Rs.1,500
B.	Rs.3,500
C.	Rs.5,000
D.	Rs.2,000
Answer» C. Rs.5,000

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