Teaching UP PGT Mock Test Series 2024 Accountancy Corporate Accounting

A company forfeited 400 equity shares of Rs. 10 each issued at a discount of 10 percent for non-payment of two calls of Rs. 2 each. What will be the amount forfeited by the company?

1
Rs.2,400
2
Rs.2,000
3
Rs.1,600
4
Rs.4,800
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