A)
Bank Account
Dr.
1600
Forfeited Shares Account
Dr.
400
To Share Capital Account
2000
B)
Bank Account
Dr.
1600
Share Capital Account
Dr.
400
To Share Forfeited Account
2000
C)
Bank Account
Dr.
1600
Forfeited Share Account
Dr.
400
To Share Capital Account
2000
D)
Share Account
Dr.
1600
Forfeited Shares Account
Dr.
400
To Share Capital Account
2000
Correct Answer: A
Solution :
Bank Account | Dr. | 1600 | |
Forfeited Shares Account | Dr. | 400 | |
To Share Capital Account | 2000 |
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