2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Accounting For Share Capital

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

  • question_answer
    Gagan Ltd. forfeited 600 shareson non-payment of Allotment amount, final call is not yet called up. Amount payable as : On Application Rs.40 (including full premium of Rs.10); Allotment Rs.40; first and final call 30. At the time of forfeiture of shares, Share Capital Account is to be debited with the called up amount per share_______.

    A) 30

    B) 80

    C) 70

    D) 100

    Correct Answer: C

    Solution :

    70


You need to login to perform this action.
You will be redirected in 3 sec spinner