A)
Share capital A/c
Dr.
12000
To Share forfeiture A/c
4800
To Calls in arrear A/c
7200
B)
Share capital A/c
Dr.
12000
To Share forfeiture A/c
4800
To Equity share 1st call A/c
7200
C)
Share capital A/c
Dr.
7200
To Share forfeiture A/c
4800
To Equity share 1st call A/c
2400
D)
Share capital A/c
Dr.
7200
To Share forfeiture A/c
4800
To Call in arrear A/c
2400
Correct Answer: C
Solution :
Share capital A/c | Dr. | 7200 | |
To Share forfeiture A/c | 4800 | ||
To Equity share 1st call A/c | 2400 |
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