question_answer

ABC Ltd. Issued 9,000 shares @ 10 each payable as follows; On application 3; On allotment 4; and on first call 2 and balance on final call; Application were received for 12000 shares and allotment was made on pro-rata basis. Excess money is to be adjusted on allotment only. Tarun one shareholder to whom 900 shares were allotted did not pay allotment and calls money and his shares were forfeited after the final call made. Share Allotment Account is to be credited with (in the entry of share forfeiture):

A) 900 

B) 1800

C) 2700

D) 3600