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  3. 12th Class
  4. Accountancy
  5. Accounting For Share Capital

12th Class Accountancy Accounting For Share Capital Question Bank Case Based - Accounting for Share Capital

  • question_answer
    You are required to answer the following questions 22 to 26: Vinod Ltd. forfeited 2,000 equity shares of Rs.100 each for the non-payment of first call Rs.20 per share and second and final call of Rs.25 per share. These all forfeited shares can be reissued at par or premium:

    A) True

    B) False

    Correct Answer: A

    Solution :

    True


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