question_answer

Gagan Ltd. reissued 900 (75% of Forfeited shares) equity shares of Rs.10 each on non-payment of allotment money and first and final call, now reissued for Rs.7,200 fully paid up. Amount transferred to capital Reserve Rs.6,300. What was the amount credited to share forfeiture A/c at the time of forfeiture of shares:

A) Rs.6,000

B) Rs.8,100

C) Rs.10,800

D) Rs.6,300