Sahil, a share holder, failed to pay the money for second and final call of Rs. 20 on 1,000 shares issued to him at Rs. 120 (face value of Rs. 100…
CUET UG 2025 — Accountancy Company Accounts
Sahil, a share holder, failed to pay the money for second and final call of Rs. 20 on 1,000 shares issued to him at Rs. 120 (face value of Rs. 100 per share). His shares were forfeited after the second and final call. Which is correct about share forfeiture:
Held on 26 May 2025 · Verified 13 Jul 2026.
Options
- A
Share Forfeiture A/c will be credited with 1,00,000
- B
Share Forfeiture A/c will be debited with 1,00,000
- C
Share Forfeiture A/c will be credited with 80,000
- D
Share Forfeiture A/c will be debited with 80,000
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