A)
Share capital A/c
Dr.
7000
To Share forfeiture A/c
5000
To Share allotment A/c
2000
B)
Share capital A/c
Dr.
10,000
To Share forfeiture A/c
5,000
To Share allotment A/c
5,000
C)
Share capital A/c
Dr.
7,000
Securities Premium Reserve A/c
Dr.
2,000
To Share forfeiture A/c
5,000
To Share allotment A/c
4,000
D)
Share capital A/c
Dr.
12,000
Securities Premium Reserve A/c
Dr.
2,000
To Share forfeiture A/c
5,000
To Share allotment A/c
7,000
Correct Answer: C
Solution :
Share capital A/c | Dr. | 7,000 | |
Securities Premium Reserve A/c | Dr. | 2,000 | |
To Share forfeiture A/c | 5,000 | ||
To Share allotment A/c | 4,000 |
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