Mohit had been allotted for 600 shares by a Govinda Ltd on pro rata basis which had issued two shares for every three applied. He had paid application money of ₹3 per share and could not pay allotment money of ₹5 per share. First and final call of ₹2 per share was not yet made by the company. His shares were forfeited. the following entry will be passed:
| Date | Particulars | L.F. | Amount (Rs.) | Amount (Rs.) |
| Equity Share Capital A/c | X | |||
| To share Forfeited A/c | Y | |||
| To Equity Share Allotment A/c | z |
Here X, Y and Z are:
(A) ₹ 6,000; ₹2,700; ₹3,000 respectively.
(B) ₹ 9,000; ₹2,700; ₹4,500 respectively.
(C) ₹ 4,800; ₹2,700; ₹2,100 respectively.
(D) ₹ 7,200; ₹2,700; ₹4,500 respectively.
(C) ₹ 4,800; ₹2,700; ₹2,100 respectively.