Faltu Limited invited applications for 2,00,000 shares of Rs. 10 each. These shares were issued at a premium of Rs. 11 each which was allowed at the time of allotment. All money was called and duly received except on 10,000 shares on which only application money of Rs. 3 per share was received.
The company forfeited all the shares. 7000 forfeited shares were re-issued at Rs. 13 per share. State the amount of securities premium to be shown under the head - Reserve, and Surplus.
1
Rs. 20,00,000
2
Rs. 11,11,000
3
Rs. 8,11,000
4
Rs. 21,11,000
5
Rs. 23,11,000