Forfeiture of shares results in the reduction of : Option 1: Reserve Capital Option 2: Capital Reserve Option 3: Authorised Capital Option 4: Paid-up Capital

The answer is 'Paid-up Capital'. View full solution:

CUET Accountancy - Forfeiture of shares results in the reduction of : | PYQs + Solutions

CUET Accountancy 2022 23 Aug Shift 2

Company Accounts

Easy

Reserve Capital

Capital Reserve

Authorised Capital

Paid-up Capital

✅ Correct Option: 4

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