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False company accounts correct; share issue forfeiture pro-rata per Companies Act.
Ref: NCERT Accountancy Class XII Chapter 6 Company Accounts explains company formation share capital issue accounting treatment Companies Act 2013 provisions.
False correct NPO treatment; receipt payment cash, income expenditure accrual basis.
Ref: NCERT Accountancy Class XII Chapter 1 Not-for-Profit Organisation explains receipt payment income expenditure account subscription calculation treatment.
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