Match List-I with List-II and choose the correct answer from the options given below:List-I (Name of account to be debited or credited, when shares are forfeited)(A) Share Capital Account(B) Share Forfeited Account(C) Calls-in-arrears Account(D) Securities Premium AccountList-II (Amount to be debited or credited)(I) Debited with amount not received(II) Credited with amount not received(III) Credited with amount received towards share capital(IV) Debited with amount called up

When shares are forfeited, the standard accounting entry is:Share Capital Account is debited with the total called-up value up to the date of forfeiture $\to$ (A) matches with (IV).Securities Premium Account is debited if the premium amount has been called up but not received $\to$ (D) matches with (I).Share Forfeited Account is credited with the actual amount received towards the face value of the shares $\to$ (B) matches with (III).Calls-in-arrears Account (or the respective call accounts if calls-in-arrears is not maintained) is credited with the amount called but not received $\to$ (C) matches with (II).Therefore, the correct mapping is (A) - (IV), (B) - (III), (C) - (II), (D) - (I).