12th Class
Accountancy
Accounting For Share Capital
Question Bank
MCQs - Accounting for Share Capital
question_answer
600 shares of Rs.10 each issued at a premium of 20%, were forfeited for non-payment of Rs.5 per share on allotment (including premium) and Rs.2 per share on first and final call. Share Allotment Account will be credited with (At the time of forfeiture):