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State whether you agree or disagree with following statement: When shares are forfeited Shares Capital Account is credited. - Book Keeping and Accountancy

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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

Solution

When shares are forfeited Shares Capital Account is credited. - Disagree

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Accounting for Share Capital
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Chapter 8: Company Accounts - Issue of Shares - Exercise 8.1 (Objective Questions) [Page 340]

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Balbharati Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 8 Company Accounts - Issue of Shares
Exercise 8.1 (Objective Questions) | Q 1. (D) 6. | Page 340

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