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Question
State whether you agree or disagree with following statement:
When shares are forfeited Shares Capital Account is credited.
Options
Agree
Disagree
MCQ
Journal Entry
True or False
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Solution
When shares are forfeited Shares Capital Account is credited. - Disagree
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Chapter 8: Company Accounts - Issue of Shares - Exercise 8.1 (Objective Questions) [Page 340]
