F ltd. issued 10000 equity shares of Rs 10 each at a premium of 20% payable Rs 4 on application (including premium) Rs 5 on allotment and the balance on first and final call. the company recd application for 15000 shares and allotment was made pro-rata. G, to whom 3000 shares were alloted, failed to pay the amount due on allotment. all his shares were forfeited after the call was made. the forfeited shares were reissued to H at par. assuming that no other bank transaction took place, the bank balance of the company after effecting the above transaction=?
a. Rs114000 b. Rs 132000
c.Rs 120000 d. Rs 100000
tell me how to do this sum
please help
CAclubindia
