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

  • question_answer
    Vinod Limited forfeited 100 equity shares of Rs.10 each issued at a premium of 20% for non-payment of final call of Rs.5 including the premium. What amount will be shown by Share Forfeiture A/c?

    A) Share Forfeiture A/c 800

    B) Share Forfeiture A/c 700

    C) Share Forfeiture A/c 600 

    D) Share Forfeiture A/c 500

    Correct Answer: B

    Solution :

    Share Forfeiture A/c 700


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