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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 First call and Rs.1 per share on Second and Final call. Share Forfeiture Account will be credited with (At the time of forfeiture):

    A) 5000

    B) 3500

    C) 1500

    D) 4000

    Correct Answer: B

    Solution :

    3500


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