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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
    If a shareholder does not pay his dues on allotment, for the amount due, there will be a:

    A) credit balance in the shares allotment account

    B) debit balance in the shares forfeiture account

    C) credit balance in the shares forfeiture account

    D) debit balance in the shares allotment account

    Correct Answer: D

    Solution :

    [d] debit balance in the shares allotment account


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