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

  • question_answer
    2000 shares of Rs.10 each issued at a premium of Rs.2 per share, were forfeited for non-payment of Rs.2 per share on final call. Share Capital Account will be Debited with (At the time of forfeiture):

    A) 4,000

    B) 16,000

    C) 20,000

    D) 24,903

    Correct Answer: C

    Solution :

    20,000


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