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  5. Accounting For Share Capital

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

  • question_answer
    500 shares of Rs.10 each were forfeited for non-payment of Rs.2 per share on 1st call and Rs.2 per share on final Call. Share Forfeiture Account will be credited with (at the time of forfeiture):

    A) 3000

    B) 2000

    C) 5000    

    D) 1000

    Correct Answer: A

    Solution :

    3000


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