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

  • question_answer
    A company forfeited 800 equity shares of Rs.10 each issued at par for non-payment of two calls of Rs.2 each. What will be the amount of forfeiture account ?

    A) Share Forfeiture A/c 5,600

    B) Share Forfeiture A/c 6,400

    C) Share Forfeiture A/c 4,800

    D) Share Forfeiture A/c 4,000

    Correct Answer: C

    Solution :

    Share Forfeiture A/c 4,800


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