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Match List - I with List - II.

List - IList - II
(A) Share forfeiture(I) Cr. share capital
(B) Shares reissued(II) Dr. share capital
(C) Excess application money refunded(III) Dr. Bank A/c
(D) Calls money received(IV) Cr. Bank A/c

Choose the correct answer from the options given below :

Solution

✅ Correct Option: 2

Forfeiture: Share Capital Dr. (II). Reissue: Share Capital Cr. (I). Excess application money refund: Bank Cr. (IV). Calls received: Bank Dr. (III). Match is (A)-II, (B)-I, (C)-IV, (D)-III, which is option 2.

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