If 10,000 shares of ₹10 each were forfeited for non-payment of final call money of ₹ 3 per share and only 7,000 shares…

Class 12th Accountancy , Question - If 10,000 shares of ₹10 each were forfeited for non-payment of final call money of ₹ 3 per share and only 7,000 shares were re-issued @ ₹ 11 per share as fully paid up, then what is the amount of maximum possible discount that company can allow at the time of re-issue of the remaining 3,000 shares? 

Accountancy

These are the options for the Question : If 10,000 shares of ₹10 each were forfeited for non-payment of final call money of ₹ 3 per share and only 7,000 shares were re-issued @ ₹ 11 per share as fully paid up, then what is the amount of maximum possible discount that company
can allow at the time of re-issue of the remaining 3,000 shares?

a) ₹ 28,000 b) ₹ 21,000
c) ₹ 9,000 d) ₹ 16,000

 

The correct answer is – b) ₹ 21,000