Read the following text. Based on the information given , you are required to answer
Y Ltd. invited applications tor issuing 15.000 equity shares of ₹ 10 each on which ₹6 per share were called up which were payable as follows:
On application ₹ 2 per shale
On allotment ₹1 per share
On first call ₹ 3 per share
The Issue was fully subscribed and the amount was received as follows:
On 10,000 shares ₹ 6 per share
On 3,000 shares ₹ 3 per share
On 2,000 shares ₹ 2 per share
The directors forfeited those shares on which less than ₹6 per share received. The forfeited shares were reissued at ₹9 per share as ₹6 per share paid up.
1. Amount received on allotment is ----
(A) ₹12,000
(B) ₹10,000
(C) ₹ 15000
(D)₹13,000
2. Amount Received on first call is ------
(A) ₹45,000
(B) ₹30,000
(C)₹39,000
(D) ₹36,000
3. Number of shares forfeited is -----
(A) 2000
(B) 3000
(C) 5000
(D) 10000
4. Amount credited to capital reserve on reissue of shares is -----
(A) ₹7,000
(B) ₹13,000
(C) ₹15,000
(D) ₹6,000
