At the time of forfeiture of shares A. Share capital account is credited with the called-up value
Question:
At the time of forfeiture of shares
A. Share capital account is credited with the called-up value of shares forfeited
B. Share capital account is debited with the face value of shares forfeited
C. Share capital account is debited with the called-up value of shares forfeited
D. Share capital account is neither debited nor credited
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C Share capital ...View the full answer
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Related Book For 
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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