Q1746
When shares are forfeited, the share capital account is debited with . . . . . . . . and the share forfeiture accountis credited with . . . . . . . .
A.
calls-in-arrear of shares forfeited, amount received on shares forfeited
B.
called-up capital of shares forfeited, amount received on shares forfeited
AnswerC.
called-up capital of shares forfeited, calls-in-arrear of shares forfeited
D.
paid-up capital of shares forfeited, called-up capital of shares forfeited
Answer: Option B
Solution
Answer: Option B
No explanation is given for this question Let's Discuss on Board