Question

A company forfeited 200 shares of ₹10 each, on which ₹7 was called up and the shareholder had paid ₹4 per share. What amount will be credited to the Forfeited Shares Account?

A ₹2,000
B ₹1,400
C ₹800
D ₹600
E ₹1,200
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RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
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