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

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

  • question_answer
    X Ltd. forfeited 2,000 shares of Rs. 10 each (which were issued at par) held by Naresh for non-payment of allotment money of Rs. 4 per share. The called-up value per share was Rs. 9. On forfeiture, the amount debited to share capital account will be:

    A) Rs. 10,000

    B) Rs. 8,000    

    C) Rs. 2,000                                  

    D) Rs. 18,000

    Correct Answer: D

    Solution :

    [d] Rs. 18,000
    Hint: (Rs. 2,000 \[\times \] 9)       = Rs. 18,000


You need to login to perform this action.
You will be redirected in 3 sec spinner