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

  • question_answer
    600 shares of Rs.10 each issued at a premium of 20%, were forfeited for non-payment of Rs.5 per share on allotment (including premium) and Rs.2 per share on first and final call. Share Forfeiture Account will be credited with (At the time of forfeiture):

    A) 3000

    B) 1800

    C) 1200    

    D) 6000

    Correct Answer: A

    Solution :

    3000


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