Question

At the time of forfeiture, the share Capital Account is debited with ______

Options

• Market Value of Shares

• Paid-up Value of Shares

• Called-up Value of Shares

• Nominal Value of Shares

• Uncalled amount on shares

• Unpaid amount on shares

Answer 1

At the time of forfeiture, the share Capital Account is debited with a Called-up Value of Shares.