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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
    1000 shares of Rs.10 each were forfeited for non-payment of Rs.2 per share on First call. Final call of Rs.2 was not made yet. Share Capital Account will be Debited with (At the time of forfeiture):

    A) 6000

    B) 10000

    C) 8000

    D) 4000

    Correct Answer: C

    Solution :

    8000


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