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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
    When shares are forfeited, share capital account is debited with:

    A) nominal (face) value of shares

    B) called-up share capital

    C) paid-up value of shares

    D) market value of shares

    Correct Answer: B

    Solution :

    [b] called-up share capital


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