12th Class Accountancy Accounting For Share Capital Question Bank MCQs - Accounting for Share Capital

  • question_answer
    What amount is shown in the 'Forfeiture Account' at the time of forfeiture of shares?

    A) Application money paid by the shareholder including premium

    B) Amount not paid by the shareholder on application and allotment

    C) Total amount paid by the shareholder including amount utilised on premium

    D) Total amount paid by the shareholder excluding the amount utilised on premium

    Correct Answer: D

    Solution :

    Total amount paid by the shareholder excluding the amount utilised on premium


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