Accounting · Company Accounts
When shares are forfeited, the Share Capital Account is debited with which of the following amounts?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Uncalled amount on shares
- 2Paid-up amount on shares
- 3Called-up amount on shares✓
- 4Nominal or face value of shares
Correct answer
Called-up amount on shares
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