Accounting · Forfeiture of Shares
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
- 2Face value of shares
- 3Paid-up amount
- 4Called-up amount✓
Correct answer
Called-up amount
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