HomeTestsSearchRankProfile
mediumMCQCUET Accountancy 2025 24 May Shift 12026Accountancy
1 mark

A share having a face value of , on which is called-up and is paid, is forfeited. State the amount with which the Share Capital account will be debited.

  1. A
    12
  2. B
    10
  3. C
    8
  4. D
    4

Solution & Step-by-step Explanation

At the time of forfeiture of shares, the Share Capital Account is debited with the total called-up amount up to the date of forfeiture.

Practice this question

Try it yourself before checking the explanation above.

A share having a face value of , on which is called-up and is paid, is forfeited. State the amount with which the Share Capital account will be debited.
A
12
B
10
C
8
D
4

Share This Question

Related Questions

Ready for a Full Test?

Practice with timed mock tests and track your performance across Accountancy.

Discussion