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A Company forfeited 2,000 shares of Rs. 10 each (which, were issued at par) held by A 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 is: 
  • a)
    Rs. 10,000
  • b)
    Rs. 8,000
  • c)
    Rs. 2,000
  • d)
    Rs. 18,000
Correct answer is option 'D'. Can you explain this answer?
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A Company forfeited 2,000 shares of Rs. 10 each (which, were issued at...
In case of non- payment of any of the call money, the shares get forfeited. Later these shares can be sold at the called up value. 
On issue of forfeited shares, the share capital account is debited with the called up value i.e 18,000 (2000*9).
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A Company forfeited 2,000 shares of Rs. 10 each (which, were issued at...
On forfeiture, the amount is debited with called up value. 2000 × 9= 18000
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A Company forfeited 2,000 shares of Rs. 10 each (which, were issued at par) held by A 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 is:a)Rs. 10,000b)Rs. 8,000c)Rs. 2,000d)Rs. 18,000Correct answer is option 'D'. Can you explain this answer?
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A Company forfeited 2,000 shares of Rs. 10 each (which, were issued at par) held by A 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 is:a)Rs. 10,000b)Rs. 8,000c)Rs. 2,000d)Rs. 18,000Correct answer is option 'D'. 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 A Company forfeited 2,000 shares of Rs. 10 each (which, were issued at par) held by A 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 is:a)Rs. 10,000b)Rs. 8,000c)Rs. 2,000d)Rs. 18,000Correct answer is option 'D'. 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 A Company forfeited 2,000 shares of Rs. 10 each (which, were issued at par) held by A 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 is:a)Rs. 10,000b)Rs. 8,000c)Rs. 2,000d)Rs. 18,000Correct answer is option 'D'. Can you explain this answer?.
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