Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Shares

Question:

A share having a face value of Rs.12, on which Rs. 10 is called-up and Rs. 8 is paid, is forfeited. State the amount with which the Share Capital account will be debited.

Options:

12

10

8

4

Correct Answer:

10

Explanation:

The correct answer is Option (2) → 10