Question :

Apollo Hospitality Ltd. issued 10,000 equity shares of  Rs. 10 each at a premium of  Rs. 2 per share. The amount is payable as:

On Application —  Rs. 4 per share,

On Allotment —  Rs. 5 per share (including premium),

On First and Final Call —  Rs. 3 per share.

Gaurav was allotted 200 shares.

Question:- If Gaurav did not pay allotment money and his shares were forfeited before making the first call and final call. At the time of forfeiture of share, share forfeiture account will be credited _______.

Option 1: Rs. 800

Option 2: Rs. 1,200

Option 3: Rs. 1,000

Option 4: None of the above 

Question : Apollo Hospitality Ltd. issued 10,000 equity shares of  Rs. 10 each at a premium of  Rs. 2 per share. The amount is payable as:

On Application —  Rs. 4 per share,

On Allotment —  Rs. 5 per share (including premium),

On First and Final Call —  Rs. 3 per share.

Gaurav was allotted 200 shares.

Question:- If Gaurav did not pay the first and final call and his shares were forfeited. At the time of forfeiture of shares, share capital account will be credited by ________.

Option 1: Rs. 800

Option 2: Rs. 1,400

Option 3: Rs. 2,100

Option 4: None of the above

Question : Apollo Hospitality Ltd. issued 10,000 equity shares of  Rs. 10 each at a premium of  Rs. 2 per share. The amount is payable as:

On Application —  Rs. 4 per share,

On Allotment —  Rs. 5 per share (including premium),

On First and Final Call —  Rs. 3 per share.

Gaurav was allotted 200 shares.

Question:- If Gaurav did not pay the first and final call and his shares were forfeited. At the time of forfeiture of shares, share capital account will be credited by ________.

Option 1: Rs. 800

Option 2: Rs. 1,400

Option 3: Rs. 2,100

Option 4: None of the above

Question : Apollo Hospitality Ltd. issued 10,000 equity shares of  Rs. 10 each at a premium of  Rs. 2 per share. The amount is payable as:

On Application —  Rs. 4 per share,

On Allotment —  Rs. 5 per share (including premium),

On First and Final Call —  Rs. 3 per share.

Gaurav was allotted 200 shares.

Question:- If Gaurav did not pay allotment money and on his subsequent failure to pay the first and final call, his shares were forfeited. At the time of forfeiture of shares, share forfeited account will be credited with _____. 

Option 1: Rs. 800

Option 2: Rs. 1,100

Option 3: Rs. 1,600

Option 4: None of the above 

Question : Apollo Hospitality Ltd. issued 10,000 equity shares of  Rs. 10 each at a premium of  Rs. 2 per share. The amount is payable as:

On Application —  Rs. 4 per share,

On Allotment —  Rs. 5 per share (including premium),

On First and Final Call —  Rs. 3 per share.

Gaurav was allotted 200 shares.

Question:- If Gaurav did not pay allotment money and on his subsequent failure to pay the first and final call, his shares were forfeited. At the time of forfeiture of shares, share forfeited account will be credited with _____. 

Option 1: Rs. 800

Option 2: Rs. 1,100

Option 3: Rs. 1,600

Option 4: None of the above