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A company forfeited 1,000 shares of Rs. 20 each (which were issued at par) held by Mr.Mohan for non-payment of allotment money of Rs. 8 per share. The called-up value per share was Rs. 18. On forfeiture, the amount debited to share capital will be
  • 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 1,000 shares of Rs. 20 each (which were issued at ...
At the time of forfeiture of shares whatever the amount which we called up including paid-up and nonpaid-up capital by share holder can be cancelled from share capital.here we called 1000 shares@ 18 per share.so 1000×18=18000 can be debited to share capital
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A company forfeited 1,000 shares of Rs. 20 each (which were issued at ...
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A company forfeited 1,000 shares of Rs. 20 each (which were issued at par) held by Mr.Mohan for non-payment of allotment money of Rs. 8 per share. The called-up value per share was Rs. 18. On forfeiture, the amount debited to share capital will bea)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 1,000 shares of Rs. 20 each (which were issued at par) held by Mr.Mohan for non-payment of allotment money of Rs. 8 per share. The called-up value per share was Rs. 18. On forfeiture, the amount debited to share capital will bea)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 1,000 shares of Rs. 20 each (which were issued at par) held by Mr.Mohan for non-payment of allotment money of Rs. 8 per share. The called-up value per share was Rs. 18. On forfeiture, the amount debited to share capital will bea)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 1,000 shares of Rs. 20 each (which were issued at par) held by Mr.Mohan for non-payment of allotment money of Rs. 8 per share. The called-up value per share was Rs. 18. On forfeiture, the amount debited to share capital will bea)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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