Arrange the following steps in order of occurrence in share capital accounting treatment

A. Allotment of shares

B. Forfeiture of shares

C. Share forfeited amount transferred to capital reserve

D. Minimum subscription received

Choose the correct answer from the options given below:

D, A, B, C

Correct answer: Option (4) → D, A, B, C

Concept: Shares can be allotted only after the minimum subscription is received; the balance of Share Forfeited A/c is transferred to Capital Reserve only after re-issue – see Accounting for Share Capital.

Correct sequence: (D) Minimum subscription received → (A) Allotment of shares → (B) Forfeiture of shares (on non-payment) → (C) balance of Share Forfeited A/c transferred to Capital Reserve (after re-issue). Hence D, A, B, C.