ABC Ltd., forfeited 20 shares of Rs. 10 each on which Rs. 6 per share were paid. If out of these shares 8 shares were reissued to Hari as fully paid up on payment of Rs. 5.50 per share, the amount that will stand to the credit of Share Forfeited A/c will be
A. Rs. 48
B. Rs. 72
C. Rs. 84
D. Rs. 96
Answer: Option B
This Question Belongs to Commerce >> Accounting
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