Forfeiture of shares results in the reduction of :
Held on 23 Aug 2022 · Verified 13 Jul 2026.
Reserve Capital
Capital Reserve
Authorised Capital
Paid-up Capital
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Amount of discount allowed on the reissue of forfeited shares cannot exceed the amount that has:-
The period of how many month/months must elapse between two calls.
Which of the following statements are true with reference to a "company"? (A) The directors of the company are the owners of the company. (B) A company is an artificial person. (C) A company has its common seal. (D) The liability of the members of the company is limited to the extent of shares held by them Choose the correct answer from the options given below:
A share having a face value of Rs.12, on which Rs. 10 is called-up and Rs. 8 is paid, is forfeited. State the amount with which the Share Capital account will be debited
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Work through every CUET UG Company Accounts PYQ, year by year.