Question

Mohit had applied for 900 shares and was allotted in the ratio 3 : 2. He had paid application money of ₹ 3 per share and couldn’t pay allotment money of ₹ 5 per share. First and Final call of ₹ 2 per share was not yet made by the company. His shares were forfeited. The following entry will be passed:

Share Capital A/c  ...Dr.	X	-
To Share Forfeited A/c	-	Y
To Share Allotment A/c	-	Z

Here X, Y and Z are:

Options

• ₹ 6,000; ₹ 2,700; ₹ 3,300

• ₹ 4,800; ₹ 2,700; ₹ 2,100

• ₹ 4,800; ₹ 1,800; ₹ 3,000

• ₹ 6,000; ₹ 1,800; ₹ 4,200

Answer 1

₹ 4,800; ₹ 2,700; ₹ 2,100