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Commerce · Q655

Accounting

Graduate and Post Graduate · Commerce · question 655

Q655

If a share of Rs. 10 Issued at a discount of 10%, on which full amount has been called up, is forfeited for non-payment of final call of Rs. 2, the share capital account should be debited by:

A.
Rs. 8
B.
Rs. 9
C.
Rs. 10
Answer
D.
Rs. 11

Answer: Option C

Solution

Answer: Option C
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