CA CPT Model Test Paper 4 with solutions for online practice

Omega Ltd. issued 5000 shares of Rs. 20 each. The called up value per share was Rs. 16. The company forfeited 400 shares of Mr. Ajay for non-payment of 1st Call money of Rs. 4 per share. He paid Rs. 12 for application and allotment money. On forfeiture, the share capital A/c will be