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In the Journal Entry of forfeiture of shares issued at a premium, the Share Capital Account is :-

CUET UG 2025 — Accountancy Company Accounts

2025mcqmedium

In the Journal Entry of forfeiture of shares issued at a premium, the Share Capital Account is :-

Official previous-year question

Held on 27 May 2025 · Verified 13 Jul 2026.

Options

  1. A

    Debited with the called up amount (including premium)

  2. B

    Debited with the face value amount (including premium)

  3. C

    Debited with the face value amount (excluding premium)

  4. D

    Debited with the called up amount (excluding premium)

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