question_answer

Smita International Ltd issued 2,50,000 shares of Rs. 10 each at a premium of Rs. 2 Payable as:

On application	Rs. 3
On allotment	Rs. 4     (including premium)
On first call	Rs. 3
On second and final call	Rs. 2

Mr. Kishan who holds 1,000 shares failed to pay the first call money. The company has forfeited the 1,000 shares after the first call. On forfeiture, the amount debited to share capital account would be?

Answer:

Not Available