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Rs 100 shares have Rs 80 paid before the final call. On forfeiting 200 shares, the forfeiture amount is
ARs 4,000
BRs 8,000
CRs 20,000
DRs 16,000
Answer & Solution
Correct answer: D. Rs 16,000
Forfeited shares carry the amount already paid, which is 200 shares times Rs 80, giving Rs 16,000.
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