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When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.a)Paid-up capital of shares forfeited; Called up capital of shares forfeitedb)Called up capital of shares forfeited; Calls in arrear of shares forfeitedc)Called up capital of shares forfeited; Amount received on shares forfeitedd)Calls in arrears of shares forfeited; Amount received on shares forfeitedCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.a)Paid-up capital of shares forfeited; Called up capital of shares forfeitedb)Called up capital of shares forfeited; Calls in arrear of shares forfeitedc)Called up capital of shares forfeited; Amount received on shares forfeitedd)Calls in arrears of shares forfeited; Amount received on shares forfeitedCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.a)Paid-up capital of shares forfeited; Called up capital of shares forfeitedb)Called up capital of shares forfeited; Calls in arrear of shares forfeitedc)Called up capital of shares forfeited; Amount received on shares forfeitedd)Calls in arrears of shares forfeited; Amount received on shares forfeitedCorrect answer is option 'C'. Can you explain this answer?.

Solutions for When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.a)Paid-up capital of shares forfeited; Called up capital of shares forfeitedb)Called up capital of shares forfeited; Calls in arrear of shares forfeitedc)Called up capital of shares forfeited; Amount received on shares forfeitedd)Calls in arrears of shares forfeited; Amount received on shares forfeitedCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.a)Paid-up capital of shares forfeited; Called up capital of shares forfeitedb)Called up capital of shares forfeited; Calls in arrear of shares forfeitedc)Called up capital of shares forfeited; Amount received on shares forfeitedd)Calls in arrears of shares forfeited; Amount received on shares forfeitedCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.a)Paid-up capital of shares forfeited; Called up capital of shares forfeitedb)Called up capital of shares forfeited; Calls in arrear of shares forfeitedc)Called up capital of shares forfeited; Amount received on shares forfeitedd)Calls in arrears of shares forfeited; Amount received on shares forfeitedCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.a)Paid-up capital of shares forfeited; Called up capital of shares forfeitedb)Called up capital of shares forfeited; Calls in arrear of shares forfeitedc)Called up capital of shares forfeited; Amount received on shares forfeitedd)Calls in arrears of shares forfeited; Amount received on shares forfeitedCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.a)Paid-up capital of shares forfeited; Called up capital of shares forfeitedb)Called up capital of shares forfeited; Calls in arrear of shares forfeitedc)Called up capital of shares forfeited; Amount received on shares forfeitedd)Calls in arrears of shares forfeited; Amount received on shares forfeitedCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.a)Paid-up capital of shares forfeited; Called up capital of shares forfeitedb)Called up capital of shares forfeited; Calls in arrear of shares forfeitedc)Called up capital of shares forfeited; Amount received on shares forfeitedd)Calls in arrears of shares forfeited; Amount received on shares forfeitedCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.