Question :
When shares are forfeited, Share Capital Account is debited with
Option 1: Nominal (face) value of shares
Option 2:
Called-up share capital

Option 3: Paid-up value of shares
Option 4: Market value of shares

Question

Question :

When shares are forfeited, Share Capital Account is debited with

Option 1: Nominal (face) value of shares

Option 2:

Called-up share capital

Option 3: Paid-up value of shares

Option 4: Market value of shares

Team Careers360 · Accepted Answer

Correct Answer:

Called-up share capital

Solution : Answer = Called-up share capital

When shares are forfeited, the following entry will be passed:

Share Capital A/c Dr. with the called-up amount
To Share Forfeiture A/c with the amount received
To Calls-in-arrears A/c with the amount not received

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Question : When shares are forfeited, Share Capital Account is debited withOption 1: Nominal (face) value of sharesOption 2: Called-up share capital Option 3: Paid-up value of sharesOption 4: Market value of shares

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Question :
When shares are forfeited, Share Capital Account is debited with
Option 1: Nominal (face) value of shares
Option 2:
Called-up share capital

Option 3: Paid-up value of shares
Option 4: Market value of shares

Question :
When shares are forfeited, Share Capital Account is debited with

Question :
At the time of the reissue of all forfeited shares

Question :
At the time of the reissue of all forfeited shares

Question :
An increase in the value of assets at the time of retirement of a partner is