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Commerce · Q1595

Accounting

Graduate and Post Graduate · Commerce · question 1595

Q1595

When shares are forfeited, the share capital account is debited by

A.
nominal value of forfeited shares
B.
paid-up amount of forfeited shares
C.
called-up amount on forfeited shares
Answer
D.
forfeited amount of shares

Answer: Option C

Solution

Answer: Option C
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