On the basis of Question No. 13, calculate the amount to be debited to Shares Forfeiture Account at the time of reissue of Forfeited Shares.

CS Executive · Corporate and Management Accounting · PYQS · December 2024
On the basis of Question No. 13, calculate the amount to be debited to Shares Forfeiture Account at the time of reissue of Forfeited Shares.
(A) ₹ 1,500
(B) ₹ 2,000
(C) ₹ 8,000
(D) ₹ 1,000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Share Capital

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