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Company Accounts – Issue of Shares — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyCompany Accounts – Issue of Shares1 Mark
MCQ
When shares are forfeited the Share Capital Account is ______________
  • A
    credited
  • ✓
    debited
  • C
    neither debited nor credited
  • D
    None of the given
✓

Answer

Correct option: B.
debited
debited

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