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easyMCQCUET Accountancy 2022 23 Aug Shift 2 PYQs2026Accountancy
1 mark

Forfeiture of shares results in the reduction of :

  1. A
    Reserve Capital
  2. B
    Capital Reserve
  3. C
    Authorised Capital
  4. D
    Paid-up Capital

Solution & Step-by-step Explanation

Forfeiture of shares means the cancellation of shares due to non-payment of calls. This cancellation directly reduces the Subscribed and Paid-up Capital of the company.

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Forfeiture of shares results in the reduction of :
A
Reserve Capital
B
Capital Reserve
C
Authorised Capital
D
Paid-up Capital

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Company AccountsShare Capital

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