Gopal held 100 shares of Rs. 10 each of a company on which he had paid Rs. 3 on the application and Rs. 2 on the allotment but could not pay Rs. 2 on the first call. The directors forfeited the above share. The share capital will be debited by
A. Rs. 1,000
B. Rs. 700
C. Rs. 500
D. Rs. 800
Answer: Option B
This Question Belongs to Commerce >> Accounting
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