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ExamTest.live has 1+ Forfeiture Share Amount questions with detailed explanations, covering easy, medium, and hard difficulty levels.

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Which exams ask Forfeiture Share Amount questions?

Forfeiture Share Amount questions appear in CUET Accountancy and other competitive exams.

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About Forfeiture Share Amount — practice questions, PYQs & concepts

Forfeiture Share Amount is a frequently-tested topic on CUET Accountancy. ExamTest.live currently lists 1 Forfeiture Share Amount questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Forfeiture Share Amount weight in competitive exams

Across our Forfeiture Share Amount question bank, the largest sources are CUET Accountancy (1). Click any exam chip above to drill down to that exam-specific question set.

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On January 1, 2024, the Director of X Ltd. issued for public subscription 50,000 equity shares of Rs. 10 each at Rs. 12 per share payable, Rs. 5 on application (including premium), Rs. 4 on allotment and the balance on call on May 01, 2024. The issue was closed on February 10, 2024 by which date applications for 70,000 shares were received. Of the cash received Rs. 40,000 was returned and Rs. 60,000 was applied to the amount due on allotment, the balance of which was paid on February 16, 2024. All the shareholders paid the call due on May 01, 2024 with the exception of an allottee of 500 shares. These shares were forfeited on September 29, 2024 and reissued as fully paid at Rs. 8 per share on November 01, 2024. The company, as a matter of policy, does not maintain a calls-in-arrears account.On Forfeiture of 500 shares for non-payment of call money, what amount will be credited to Shares Forfeiture Account?

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We have 1 Forfeiture Share Amount questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.

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Forfeiture Share Amount questions are commonly asked in CUET Accountancy. You can filter by exam using the links above.

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