If a share of ₹10 on which ₹8 has been called and ₹6 is paid is forfeited, the Share Capital Account should be debited with which amount?

₹8

The correct answer is option 1- ₹8.

Shares are issued at a face value against which a certain amount is called up. The called up amount is credited to share capital account. Once the shares are forfeited, a reversal entry need to be passed in books of account by debiting the share capital account by the amount of called up amount.
Hence, share capital account will be debited by ₹8.