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  3. 12th Class
  4. Accountancy
  5. Accounting For Share Capital

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

  • question_answer
    The amount of discount on reissue of forfeited shares cannot exceed:

    A) 5% of the face value

    B) 10% of the face value

    C) the amount received on forfeited shares

    D) the amount not received on forfeited shares

    Correct Answer: C

    Solution :

    [c] the amount received on forfeited shares


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