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 received 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.Rs 114000
b.Rs 132000
c.Rs 120000
d.RS 100000
TELL ME HOW TO DO THIS SUM
CAclubindia
