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  3. 12th Class
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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
    If a share of Rs. 10 issued at a premium of Rs. 2 on which the full amount has been called and Rs. 8 (including premium) paid is forfeited, the share capital account will be debited with:

    A) Rs. 12                                      

    B) Rs. 10      

    C) Rs. 8                                        

    D) Rs. 6

    Correct Answer: B

    Solution :

    [b] Rs.10


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