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  5. Accounting For Share Capital

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

  • question_answer
    Vinod Limited forfeited 1,000 shares of Rs.100 each issued at 10% premium on which allotment money of Rs.40 (including premium) and first call of Rs.20 per share were not received. The second & final call of Rs.10 was not yet made. Company can issue all these forfeited shares at Par or at premium:

    A) True

    B) False

    Correct Answer: A

    Solution :

    True


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