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Practice question

Question

600 shares of ₹ 10 each were forfeited for non-payment of ₹ 2 per share on first call and ? 5 per share on final call. Share forfeiture account will be credited with

Options

Choose one · Correct answer highlighted

Explanation

₹ 1,800 company accounts correct; share issue forfeiture pro-rata per Companies Act.

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