A company forfeited 3,000 shares of ₹10 each, on which only ₹5 per share (including ₹1 premium) has been paid. Out of these few shares were re-issued at a discount of ₹1 per share were and ₹6,000 were transferred to Capital Reserve. How many shares were re-issued?

a) 3,000 shares
b) 1,000 shares
c) 2,000 shares
d) 1,500 shares

Solution

c). 2,000 Shares