Rohit Ltd. Invited applications for 30,000 equity shares of ₹100 each at a premium of ₹20 per share. The amount was payable as follows :On Application ₹40 (including ₹10 as premium)On Allotment ₹40 (including ₹10 as premium)On First call ₹20On Second and Final call Rs,20Applications for 40,000 shares received and pro-rata allotment was made on the applications for 35,000 shares. Excess application money is to be utilized towards allotment.Rohan to whom 600 shares were allotted failed to pay the allotment money and his shares were forfeited after allotment,Aman who applied for 1,050 shares failed to pay the first call and his shares were forfeited after first call.The second and final call was not yet made. Of the shares forfeited 1,000 shares were reissued as fully paid for ₹80 per share which included whole of Rohan’s shares.1. Application money transferred to Share Capital A/c is------ (A)₹9,00,000 (B)₹12,00,000 (C)₹16,00,000 (D)₹3,00,0002. Excess application money utilized towards allotment is ----------(A) ₹4,00,000 (B) ₹2,00,000 (C) ₹1,50,000 (D) ₹1,00,0003. The amount debited to securities premium reserve account on forfeiture of Rohan’s shares is -------- (A)₹12,000 (B)₹,7,000 (C)₹6,000 (D)₹3,00,0004. The amount transferred to Capital Reserve on reissue of is -------- (A)₹24000 (B)₹22,000 (C)₹10,000 (D)₹34000