Question

Mohit had been allotted for 600 shares by a Govinda Ltd on pro-rata basis which had issued two shares for every three applied. He had paid application money of ₹3 per share and could not 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:

Equity Share Capital A/c	Dr.	₹X
To share Forfeited A/c			₹Y
To Equity Share Allotment A/c			₹Z

Here X, Y and Z are:

Options

• ₹6,000; ₹2,700; ₹3,000 respectively

• ₹9,000; ₹2,700; ₹4,500 respectively

• ₹4,800; ₹2,700; ₹2,100 respectively

• ₹7,200; ₹2,700; ₹4,500 respectively

Answer 1

₹4,800; ₹2,700; ₹2,100 respectively