Question: A company forfeited 2000 shares of Rs. 10 each(which were issued at par) held by Mr. John for non-payment of allotment money of Rs.
A company forfeited 2000 shares of Rs. 10 each(which were issued at par) held by Mr. John 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 will be A B C D Rs. 10,000 Rs. 8,000 Rs. 2000 Rs. 18,000
Step by Step Solution
★★★★★
3.32 Rating (149 Votes )
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
The company debits a certain amount to the share capital at the time ... View full answer
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Document Format (2 attachments)
635dfb1e88c38_180481.pdf
180 KBs PDF File
635dfb1e88c38_180481.docx
120 KBs Word File
