When shares are forfeited, capital account is debited by: Option 1: forfeited amount Option 2: called up amount of shares Option 3: nominal value of shares Option 4: paid-up amount of shares

The answer is 'called up amount of shares'. View full solution:

CUET Accountancy - When shares are forfeited, capital account is debited by: | PYQs + Solutions

CUET Accountancy 2022 8 Aug Shift 2

Company Accounts

Medium

forfeited amount

called up amount of shares

nominal value of shares

paid-up amount of shares

✅ Correct Option: 2

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Choose the correct answer from the options given below :

CUET Accountancy 2022 8 Aug Shift 2 PYQs

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